Short

GBPUSD Short: Trend Following

Updated

Here is a simple supply/demand short, where we have an abundance of supply at current levels and sufficient reason to take a 2:1 R/R trade. Many factors of resistance above price, including short-term SMA's, trendlines, and S/R zones. If trade continues through TP, I will let it ride. Happy Trading!

Trade active

Short is active, market is currently sitting at entry point. Supply and Demand levels still apply. Cheers

Note

Nice resistance and drop, Moving stop to BE as we are sitting at 1:1 R/R
tradingview.com/chart/g4qzrgok/

Note

Trade closed manually

Exited at PSAR, small 3 pip gain

glennmercer

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