GBPUSD 4H SHORT SETUP

Price in a range
Create fib levels at Swing Low and Swing high
23.6% fib has created a resistance level - several failed breakout attempts
Price has created mini lower lows and lower high
Decision point at sup level and trendline for price direction

Short trade setup
1st Sell Stop @ 1.3225
2nd Sell Stop @ 1.3195
Sell Take Profit @ 78.6 fib level around 1.3085
Exit early if price hangs up around 50 sma/ & 1.3170 levels

Find SL

Commentaire:

Aggressive Entry at breakout of Trendline-Sup level - 15m chart

Commentaire:

Take Profit early if
Price hangs up around
50 sma and 1.3170