GBP/USD Short
Price is respecting a monthly chart trendline so maybe we won't see a test to the nearer resistance @ 1.3475.
The weekly candle of this last week closed as a nice shooting star.
We had a retest on the 1 hour chart after a break of the most recent bullish trendline where there was a nice entry.
I would still enter watching the 4 hour chart with a pending sell stop looking for a 3:1 R:R or we could also see another retest but now on the 4 hour chart on the trendline where there is also a "x mark the spot" and getting a much better entry and our pending order potentially nothing being triggered.
The weekly candle of this last week closed as a nice shooting star.
We had a retest on the 1 hour chart after a break of the most recent bullish trendline where there was a nice entry.
I would still enter watching the 4 hour chart with a pending sell stop looking for a 3:1 R:R or we could also see another retest but now on the 4 hour chart on the trendline where there is also a "x mark the spot" and getting a much better entry and our pending order potentially nothing being triggered.
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