GBPUSD - SELL
Watching the zonal trading patterns in the market -
4 hour chart:
1.2 zone tested and then rejected by market.
Clear pattern of trading dominated by the bears.
PM resigns and UK in chaos financially - sell sell sell.
Dominant trade below 50 and 150 EMA
stoch supports sell
Game plan is to hold till 1.9 and then review; due to some losses this week financial target was wiped out, therefore SL being moved every so often.
4 hour chart:
1.2 zone tested and then rejected by market.
Clear pattern of trading dominated by the bears.
PM resigns and UK in chaos financially - sell sell sell.
Dominant trade below 50 and 150 EMA
stoch supports sell
Game plan is to hold till 1.9 and then review; due to some losses this week financial target was wiped out, therefore SL being moved every so often.
Trade closed manually
Trade closed in profit @ 1.9400
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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.
Disclaimer
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.