GBP/USD TRADE 13/06/2018

FX:GBPUSD   British Pound / U.S. Dollar
I have basically taken this trade due to price action.

Price has been very bearish for the last two months.

Price has pullback. I drew a fib from the previous highs at the 1.35000 level and price rejected the 61 level of this fib with a doji candle (there is a bit of a bar but I would still call this candle a doji )

I expect new lows to be made.

Not too much analysis on this one to be honest.....
Jun 18
Trade closed: stop reached: Stopped out of this trade. Why Stop loss wasn't above the previous highs.

Lesson Learnt: always be putting stops below or above previous highs and lows.

As looking at the trade it was a very straight forward trade.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out