Straight forward short setup for the GBP / USD .
Perhaps this is too obvious but either way i present to you a nice short setup with easy invalidation .
At the target box we have the 200EMA sitting with .618 fib and the point of control of the range *POC
I don't think we go straight down from here although of course that's possible but i would like to see a
reaction at the level provided and then perhaps a move back up to take out those equal highs before the real move down .
With NFP tomorrow perhaps this is a scenario which will play out during this time .
Trade with a clear invalidation and like follow to support me .
Thanks for stopping by
Perhaps this is too obvious but either way i present to you a nice short setup with easy invalidation .
At the target box we have the 200EMA sitting with .618 fib and the point of control of the range *POC
I don't think we go straight down from here although of course that's possible but i would like to see a
reaction at the level provided and then perhaps a move back up to take out those equal highs before the real move down .
With NFP tomorrow perhaps this is a scenario which will play out during this time .
Trade with a clear invalidation and like follow to support me .
Thanks for stopping by
Trade closed: target reached
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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.
Related publications
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.