GBPUSD pin bar short opportunity

FX:GBPUSD   British Pound / U.S. Dollar
Price appears to be ranging on this daily and monthly time frames. Price has recently reached an area known to previously contain strong selling momentum. A bearish pin bar has formed in this area indicating sellers have regained control of price over the last 24 hours. if the commitment of sellers is strong enough that should be sufficient to push price down to the next area of support. An entry order could be placed at the 50% retracement of the pin bar and profit target at the next are of support. Reward is over 2:1
Trade closed: stop reached


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out