GBPUSD has been trending down heavily and has stalled on support forming a bullish pin bar.
This signals a possible retrace in the down trend.
We might hit resistance at the 1.27 level. Depending on what price does at that level, I might close out earlier. The trend seems strong, therefore the retrace may be shallow.
Here is my entry in my trading log:
Date Pair Direction Trade Trend Level Signal Entry
2019-06-02 GBPUSD Long Counter Trend Down Horizontal Support Pin Bar break
This signals a possible retrace in the down trend.
We might hit resistance at the 1.27 level. Depending on what price does at that level, I might close out earlier. The trend seems strong, therefore the retrace may be shallow.
Here is my entry in my trading log:
Date Pair Direction Trade Trend Level Signal Entry
2019-06-02 GBPUSD Long Counter Trend Down Horizontal Support Pin Bar break
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.