p/s: The blue rectangular bar is what i would like price to turn from there to go for a short.
GBPUSD Setup - 04 May 2011
There might be a sell setup coming up. Attached is the screenshot of my charting based on H1. As long as the previous high (red arrow) is holding and a red downclose candle to follow by (either a IB or best an inverted pin bar) will provide strong signal to go for a sell. If price would close above the previous high then i will wait to see price retest 1.6580 again.
p/s: The blue rectangular bar is what i would like price to turn from there to go for a short.
p/s: The blue rectangular bar is what i would like price to turn from there to go for a short.
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