GBPUSD 21-May-2020 - Bearish Trend Continues
Updated
Hello fellow traders, GBPUSD has broken away from the supply zone and continues with the bearish trend.
I managed to get a short trade entry at 1.2230 upon breakout and retest of the supply zone.
My profit target is 1.2093 with 1:3 risk to reward ratio.
I managed to get a short trade entry at 1.2230 upon breakout and retest of the supply zone.
My profit target is 1.2093 with 1:3 risk to reward ratio.
Comment
Price reached 50% FIB level then retraced to entry. Still holding onto the trade.Comment
Still holding onto the trade. Stop loss moved to break even.Trade closed: stop reached
Stop loss triggered at breakeven and trade closed automatically.
Related publications
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.