GBPUSD going for a possible bearish swing trade.

GBPUSD was on an uptrend for the longest time on the 4 hour time-frame. a long bearish candlestick broke and closed below the diagonal support trendline. price became impulsive for a while. we waiting for a correction and retracement to either 61% or 78% on fib levels. then go short

Kommentera:

it reached the resistance level before going short. find confluence on a lower time-frame/behavioral time-frame. look for a candlestick pattern or reversal formation pattern then go short