British Pound / U.S. Dollar

Short

Updated

GBPUSD re-testing breakout

So, we have a breakout of the red trendline with a rising wedge that is filled right at resistance level. already in a small sell position from 1.2315 and aiming to close it at around 1.2180. Stoploss very tight. Might add more positions if breakout to the downside of this wedge confirmed.

Note

Closing position at 1.2205(+110pips). If we get a small correction to 1.2260, might re-enter.

Note

Re-enter at 1.2300 with stop loss at 1.2340

Note

stop reached. -40pips

Note

Re-entering on this rejection. entry: 1.2315. Stop: 1.2350

Note

another stop reached, -35pips

Trade closed manually

closing this tread here. +35pips

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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.