GBP/USD: short stopped out

After a lower high on the 4h timeframe I started to prefer the downside in GBPUSD. I entered short yesterday on a pullback from the 1.5651 minor swing low but got stopped out this morning. Even though the 1d timeframe shows a possible break of the bullish trendline after a failure on the upside at 1.6000 there is no lower high yet therefore the price action trend is still bullish. In this context my short entry was too early.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: