BannaKhan
Short

GBPUSD Shooting star spotted on 4h chart. Time to short again!!

OANDA:GBPUSD   British Pound / U.S. Dollar
Ok fellas,

Short and simple. After a tremendous rally we have spotted another shooting star which signals for potential reversal. I'm shorting from here with a potential first tp 50 pips and managed afterwards depending on the trend.

Trade safe and enjoy.
Comment: Tp1 reached without much fuss. Now moved my sl to break even and enjoy the remaining pips.
Comment: The next key level target is at 1.3128 which is the 0.382 fib level. If broken then tp2 is at 1.3065 which is 0.5 fib level, from where I will be looking at opportunities to go long.
Trade closed: target reached: 2ND TP done. Now it should retrace back towards 1.3152 and should come down to tp3 from where ~I will be buying.
Trade closed manually: A generous 144 pips taken.

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