GBPUSD Short then Buy
The pound has approached a daily value area and looks set to go down.
I have entered a short and will take profits at the daily Support and Resistance flip and will thereafter reanalyse for medium term buys.
Look at the bigger picture. View the Weekly chart.
I am a Position trader and as such this trade is only a small portion of the overall trade that is earmarked for the rest of the year.
I will post the buy once stop losses have been hunted below the above mentioned daily S/R Flip
Goodluck and please comment your thoughts and charts
I have entered a short and will take profits at the daily Support and Resistance flip and will thereafter reanalyse for medium term buys.
Look at the bigger picture. View the Weekly chart.
I am a Position trader and as such this trade is only a small portion of the overall trade that is earmarked for the rest of the year.
I will post the buy once stop losses have been hunted below the above mentioned daily S/R Flip
Goodluck and please comment your thoughts and charts
Trade closed: target reached
sell trade hit target last week. Check the buy posted seperately
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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.