GBP/USD
The overall trend is bearish, it has broken a diagonal channel to the downside, came back for a retest and hasn't broken the 1hr high before pushing again bearish and creating a flag. I would like to see a 15 min candle bearish break from the flag pattern for entry.
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I am closing this trade at a plus 2/1. Price action is at an hourly pivot point with divergence, showing signs of weakness so there is a good chance of a pullback. Never be greedy! especially on a Friday
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So as I said earlier I was closing out this trade at 18600 because of a technical signal and price action combined. The perfect exit as the price sky rocketed after rising 200+ pips!!!!!
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Week one of sharing my trades on the platform! Three trades
Three profitable trades
plus 7%
# always monitor price action # never give up
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Disclaimer
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.