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abovebelow77

GBPUSD Continue To Short To Lower Prices

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
abovebelow77 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Beyond Technical Analysis GBPUSD gbpusdshort gbpusdtrade gbpusdanalysis cable cableshort SELL gbpusdsell
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trendanalysis beyondta gbpusd gbpusdshort gbpusdtrade gbpusdanalysis cable cableshort sell gbpusdsell
Last week cable continued to drop to lower prices and I don't think cable has reached the target price yet. I expect a continued sell off to around 80% of the yearly range and possibly more. Retracements are expected and as long as we dont break any recent daily highs I will be looking for short opportunities. Fridays (17/5/19) daily equilibrium (50%) is a key price for any decisions regarding shorts.
Trade active:
Set sell limit at 1.2750 which is now active. SL @ 1.2765 TP @ 1.2650. Nice ROI if price reaches the target.
Trade closed: stop reached:
Lowered SL to 1.2730 and took 20 pips profit. Re entered short at the same price and got stopped for 30 pips. -10 pips overall and now looking for short term buy opportunities
Comment:
Went on to sell cable. Possibly one more push down coming.
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