GBP/USD SELLS 16.06.21
Updated
Looking for price to go up with the news and drive down, similar to yesterday
Note
took a short entry at 1.4098 with a tight SL, seeing how price reacts..Note
The idea behind the trade was that with a news release I've experienced the price move up with expectation of good news then people take a buy thinking it'll continue to go up (i've been there) and the price drives down, stopping them out or worse holding massive drawdown..Note
price was coming back to my entry, took a minor win
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.