GBPUSD Momentum Short

OANDA:GBPUSD   British Pound / U.S. Dollar
Based on analysis from last night, I am looking for an intraday momentum trade to the downside. We had a failed attempt by the bulls to push higher on the lower timeframes, which gave me confirmation for the trade. This is a 1:3RR on the 5 min timeframe. Let's see what happens.
Trade closed manually: Out at Break Even.


Reentered this position
rcholmes HarrisonMit
@HarrisonMit, You should have kept the faith! 😀
HarrisonMit rcholmes
@rcholmes, haha! I managed to re enter and get a +2% target.
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