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.....
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.


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