Bearish GBP/USD

2021年3月9日

The daily chart has room left to fall a bit further down, and the 4H chart is all bearish.
In addition to this, a head and shoulder pattern has formed. He is rather handsome.

I have boxed in the current stagnation, and I want to see a break and a re-test before entering.

2021年3月9日

註釋

Is it a bulltrapp or a change of trend?

If there is a new range forming, I will move the box and entry upwards.
But it is to early to tell.

2021年3月11日

取消訂單

The trigger never happened.

But there are some lessons to be learned here!

1) We can see the value of the "setup - trigger" method way of trading.
Since the beginning of my idea-spree, the method has saved me from two losses.

2) There was once again a re-test of the drawn support-resistence box.
You usually dont need to rush in after breakout.