A bearish shark checkback setup on GBPUSD presents a shorting opportunity for traders. Not only it gives a fantastic shorting opportunity with its amazing Reward: Risk. When news is very bullish on UK Pound and it doesn't move that much, it leaves a clue of shorting. Trade has engaged.
Trade active
SLE: 1.3415(+2)
Trade closed manually
Manual Exit: 1.3336(+81)Manual Exit due to long shadow form within the buy zone. Wait for pullback to short the trade.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.