As the market dropped below the Centerline, I patiently wait for a pullback.
And here we have it...
I'm short a the Pullback on the CL, with a target at least partial on the blue A/R line, or/and fully out at the L-MLH where price is definitely stretched.
This is a riskier one in the lower timeframe and price could blew easily through the Centerline again.
Happy weekend to all of you
Update - Trade Exit
So GBPUSD did not cooperate and I exited the trade with a loss.
Here's what was missing - the information comes from the daily chart, which I completely forgot to check. But hey - I'm only human and the next trade is cooking:
On the bigger scale we see why price reversed on me.
The Centerline was reached and a natural pullback is expected, if price don't zoom the CL.
We must learn from the mistakes we make to become better and better in our work each time.
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