GBPUSD retrace on 4hr downtrend - SHORT
Updated
It look like the price is on a congestion area at 1.5250 which was previous support if you look on the left.
I short hte pair looking to place a SL just above previous resistance at around 1.5270 and target just above previous lower low at 1.5040.
Let see how it goes!
I short hte pair looking to place a SL just above previous resistance at around 1.5270 and target just above previous lower low at 1.5040.
Let see how it goes!
Trade closed: stop reached
Stop reached with a loss of 51 pips
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.