GBPUSD SELL

The GBPUSD is trending down on the daily and 4hr time frame. Price as produce us with what I like to call a Trend trend i.e. a trend within a bigger trend in direction of the bigger trend. As a trend trader, I place trades on pull backs after break outs and my entry signal is the formation of reversal candlestick patterns. In this case of a down trend, price has pulled back and provided us with a 4hr bearish pin bar as our entry signal. We take a sell trade and let trade play out.