GBPUSD SELL
The GBPUSD is trending down on the daily and 4hr time frame. Price as produce us with what I like to call a Trend trend i.e. a trend within a bigger trend in direction of the bigger trend. As a trend trader, I place trades on pull backs after break outs and my entry signal is the formation of reversal candlestick patterns. In this case of a down trend, price has pulled back and provided us with a 4hr bearish pin bar as our entry signal. We take a sell trade and let trade play out.
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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.