GBPUSD 4 Hour Drops a Bearish Rejection Candle at Swing High

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.

Price Falls From Rejection Candle Like a Waterfall

A very nice result from this trade, it’s fantastic when high quality signals play out like this and reward us traders for being discipline enough to wait for the right signal, and then pulling the trigger on it.

This is one of the reason I love to be a bear 🙂 Strong bearish moves tend to move 3x faster than most bull runs, providing faster results and greater profits.

I am also pleased with the Battle Station Candlestick algorithm doing a great job of picking up these awesome trade opportunities. It has a set of internal filters which you can turn on/off – I am using the default filters here and its sending me notifications all throughout the day and night about new candlestick patterns, and potential buy/sell opportunities that have formed across all the markets.

If you would like to find out more about the Battle Station and what it is about, or if you would like to be able to read these candlestick signals and learn how to trade them – check out the Price Action War Room for Forex traders, it contains the algorithm and the comprehensive trading course, plus a whole lot more.

Hope to see you around, best of luck on the charts this week.