Sterling is likely to weaken against the dollar at least in

12 Tem 2020

short term

gbpusd formed a bearish gartley

the bearish channel at the end of the trend
confirmate the possibility for price
to fall

price already pullbacked to it
and the channel resisted well

forming a bearish pinbar and then
engulfing it (two last 4h candles)

respect your money management

12 Tem 2020

Not

12 Tem 2020

Not

otherwise the best opportunity to short will be at the retest of the body of inside bar. because it increase a lot the R R ratio

usually using price action, price always come back to retest the body of the candle (it happen with pinbar, inside bar , bearish/bullish engulfing, etc)

12 Tem 2020

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13 Tem 2020

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