Short

Pound broke short-term support

Updated

Short GBPUSD at 1.24798, initial target of 1.2457 and stop loss just above recent highs at 1.2503. 30 min chart shows a close below 1.2487 and 1.24833 and traded under this level for the duration of the sessions.

Trade closed manually

Closed trade at 1.24847 for a 5 pip loss

Note

After looking at price action, I determined my timing was off on the initial entry and decided to re-enter the trade this morning short at 1.24877, and closed at 1.24397. +48 pips!

MrPSS

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