Sterling is likely to weaken against the dollar at least in

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

Yorum:

Yorum:

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)

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