GBPUSD Short Trade *personal strategy*
Multiple confluences showing signs that GBPUSD might sell off from here.
Multiple profit taking levels shown along the way using intraday support/resistance zones. My stop loss is placed above todays wick rejections and price resistance levels.
Multiple profit taking levels shown along the way using intraday support/resistance zones. My stop loss is placed above todays wick rejections and price resistance levels.
Trade active
Comment:
Nice 90 pip drop on this one but unfortunately price reversed. I personally removed the risk from this trade when it had dropped 50 pips so no capital loss. However I do believe cable will still fall from these levels.
