British Pound / U.S. Dollar
Short
Updated

SHORTING $GBPUSD (4 Reasons)

5166
Opening up a short position on GBPUSD for the following reasons.

  • Recently had a bearish CHoCH+ which indicates a strong market trend shift. This is my trigger to look for short opportunities in the market
  • Rejected PDH (Previous Day High)
  • VWAP Divergence line is RED and price is below the VWAP
  • Great RR with this trade


Entry: 1.26811

Take Profit: 1.25965

Stop Loss: 1.26964

Note
Stop loss hit

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