GBPUSD short scalp Idea: fade the GU bounce

1 Kas 2018

Quick scalp opportunity, but will need to watch closely.

Just a Weekly Pivot play, looking to hit it, then hug it, then a reversal pattern just below.
Reversal patterns like micro Head-n-Shoulders, Bearish Engulfing 15 min candle, etc.
Strong break and hold above the Pivot completely invalidates shorting possibility

This is a follow up to my ''Big Short'' which finally climaxed at 1.2700

1 Kas 2018

Not

And here we are, at the Weekly Central Pivot (green). watching closely....

1 Kas 2018

Not

We hit it, will we Hug it? or blow by?

1 Kas 2018

Not

Hmm, looks like this idea is shot, unless it comes back below that Pivot (certainly possible that the spike was a stop hunt)

1 Kas 2018

Not

Back under the pivot, but this red zone might now act as support (I might flip it green if so), thus watching closely now and there is news coming

1 Kas 2018

Not

Now looking for something like this (Hug then separate)

1 Kas 2018

Not

now watching for something like this

1 Kas 2018

Not

This is an example of ''Stitching'' a price, once the stitch is done, that price becomes a strong res/sup
s3.amazonaws.com/tradingview/snapshots/s/sd54gjmE.png