British Pound / U.S. Dollar

Short

GBPUSD. Spike Pattern

By UnknownUnicorn559512

Updated

Squeeze Candle at important level plus downwards momemtum
Potential Re-entry at breakout of 20SMA

Note

SL moved to BE once price broke the 20SMA

Trade closed: stop reached

Note

Price is forming again what I would call a crowded trade (4H) with a much larger spike this time.
Promixity to General Elections in UK makes this trade a bit tricky. Better to stay out for the moment.

UnknownUnicorn559512

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