GBPUSD short on bearish overlap bar
Finally took this short trade because there's a few things going on here that I believe point to a bearish momentum. Let's break down what we're seeing.
1. Bearish rejection bar: that breakout is deemed false. It is no longer holding up.
2. The bullish bar after the bearish fakeout is much smaller. It signals that for the past day, we might've experienced short sellers covering position. However, it is not nearly strong enough to change the trend direction.
3. I am shorting this pair with a 4H timeframe bearish bar acceleration expectations. Please see the trade idea update for the 4H chart.
1. Bearish rejection bar: that breakout is deemed false. It is no longer holding up.
2. The bullish bar after the bearish fakeout is much smaller. It signals that for the past day, we might've experienced short sellers covering position. However, it is not nearly strong enough to change the trend direction.
3. I am shorting this pair with a 4H timeframe bearish bar acceleration expectations. Please see the trade idea update for the 4H chart.
註釋
4H view of this trade: 註釋
Trade officially closed out. Still in uptrend rally over on the 4H, decided not to pursue.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。