GBP/USD has been a masive move upwards. looking at the market on the 4H it has been a bearish momentum for the pas weeks. this bulish move thus has been a majority news based move.
for me it has been overbought and has to come down to decide if the move wil transform from bearish to a bulish trend.
for now its a Sell going in for a bearish move
Note
Trade is moving in profit. Moving SL to entry for incoming targets.
Trade closed: target reached
TP1 got hit. Right now TP2-3 wil be decided with the news release of today.
Looking at the market it’s between life and death right now bulls and bears fighting you get me?…oke that’s a bit dramatic lol
Note
+250 pips. id say close about 80% leave the remaining run for TP3
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.