A nice bearish rejection candle has formed on the GBPUSD 4 hour time frame. This setup is aligned with the dominant weakness of this market, which is very visible on the daily chart. We’ve be watching for sell signals to form after pullbacks to provide bearish trade opportunities to ‘sell high’ within the down trend. We can see the bearish rejection did form after the market retraced, and created a new swing high. The thick bearish body looks nice, especially when viewed against that recent intra-day bull run we had. The Battle Station indicator picked up the signal nicely, sending out alerts to war room members’ apple or android devices. Looking forward to seeing how this one turns out. Dale Woods Dale Woods The Forex Guy is an educational Forex trading blog run by Dale Woods who has been a passionate retail Forex trader for over 6 years. Dale trades the Forex market exclusively with price action based methodologies, believing price action trading to be one of the powerful approaches used the market today, and really is the core foundation of any good trading system. Dale also strongly believes in keeping charts clean and keeping things simple, logical and uncomplicated. By making trading decisions straight off the raw price action data, you can ‘bypass’ unnecessary variables like exotic indicators, trading robots or magical pivot levels. Dale enforces the idea that there is hardly any edge trading news and economic data releases and much prefers to make trading decisions straight from the candlestick themselves. ‘The Forex Guy’ is dedicated to providing knowledge to serious and passionate traders who want to learn the art of price action trading, positive geared money management and how to psychologically condition themselves to become a professional trader. View All Post By Dale Woods Forex News Today: Daily Trading News share Read Next Three things to watch ahead of the ECB Meeting; EUR/USD Tip TV 7 years A nice bearish rejection candle has formed on the GBPUSD 4 hour time frame. This setup is aligned with the dominant weakness of this market, which is very visible on the daily chart. We've be watching for sell signals to form after pullbacks to provide bearish trade opportunities to 'sell high' within the down trend. We can see the bearish rejection did form after the market retraced, and created a new swing high. The thick bearish body looks nice, especially when viewed against that recent intra-day bull run we had. The Battle Station indicator picked up the signal nicely, sending… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
