GBPUSD short scalp Idea: fade the GU bounce

2018年11月1日

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

2018年11月1日

註釋

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

2018年11月1日

註釋

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

2018年11月1日

註釋

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

2018年11月1日

註釋

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

2018年11月1日

註釋

Now looking for something like this (Hug then separate)

2018年11月1日

註釋

now watching for something like this

2018年11月1日

註釋

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