GBP/USD: Shorted for about 100 pips, check it out!
Hey guys,
The current 7-day trendline on GBP/USD just broke a couple of minutes ago.
Cumulative Delta Volume (CDV) confirms this break to the downside which gave me an extra confirmation to short at these levels.
So I shorted at the break of the trendline and will exit the trade if price goes back above the trend line and starts moving the other way, so not taking a lot of risk in this trade.
The technical target is about 100 pips from the top to the bottom of the structure, as highlighted in my chart.
Trade with care and show some love!
Jesse
The current 7-day trendline on GBP/USD just broke a couple of minutes ago.
Cumulative Delta Volume (CDV) confirms this break to the downside which gave me an extra confirmation to short at these levels.
So I shorted at the break of the trendline and will exit the trade if price goes back above the trend line and starts moving the other way, so not taking a lot of risk in this trade.
The technical target is about 100 pips from the top to the bottom of the structure, as highlighted in my chart.
Trade with care and show some love!
Jesse
Comment:
70+ pips already, I am taking partial profits
