GBPUSD: Live trading update
Hello all,
If you saw my previous chart on GBPUSD, you would know that I am in an active short since the orange line. Here's a quick look into what I'm observing while the trade is active. On the 4hr time frame, we have developed a channel. The current candlestick is a particularly important one:
If we close this candle within the channel, and form a "hammer" style candlestick, it is likely we will see a reversal and push toward the top of the channel again. If the hammer forms, I will close my short temporarily.
However, If we close outside the channel, the candlestick will be much more bearish. It will be the third red candle, creating a three black crows pattern which is very bearish. If this occurs, the short will remain active.
Happy trading!
If you saw my previous chart on GBPUSD, you would know that I am in an active short since the orange line. Here's a quick look into what I'm observing while the trade is active. On the 4hr time frame, we have developed a channel. The current candlestick is a particularly important one:
If we close this candle within the channel, and form a "hammer" style candlestick, it is likely we will see a reversal and push toward the top of the channel again. If the hammer forms, I will close my short temporarily.
However, If we close outside the channel, the candlestick will be much more bearish. It will be the third red candle, creating a three black crows pattern which is very bearish. If this occurs, the short will remain active.
Happy trading!
Note
Tricky tricky. Is it in yet (thats what she said)Note
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.