An interesting setup on the GBPUSD has developed at the New York close of the last Forex session. An indecision candle signal has formed with a bearish note to the close of the candle body. What catches my eye though is where the signal candle formed on the chart, exactly where the Price Action Protocol identifies as a hot spot for a signal to form in a trending market. If price manages to break below the indecision candle low it will trigger a short entry and we could see a lager move down if the trend momentum resumes that Price Action traders could take advantage of.
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