aggressive gbp short

com

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h1 close and hold below todays open i would fill some either at the open or on the pullback

1.2867 needs to break for range to break, would be nice area to add on pullbacks into if broken. Then 100 DMA could be a bounce area, in which case i'd want to bank some and then look for the q2 high, which i expect there to be some sort of significant reaction from as it's splits bullish bearish bias quite significantly imo

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1.2888 could also be a catalyst for a downside move as it's the low of an inside day, a break of which could be indicative of direction

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in addition, looking for a DXY squeeze back up to 94s+ dollar strength aiding downside

invalidation would be d1 close above either LTF trend or todays D1 high

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needless to say news chop is likely to hand one ones arse here, hence i'd likely trail stops aggressively into profits

Trade stängt manuellt:

well bojos comments didnt go down well, but i got in and out, as normal headline fades probably a good idea

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more or less fucked this setup though, so on the bench till something interesting comes along

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alrdy retraced 50pips from the plunge

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potential for 3h bearish engulfing