GBP/USD SHORT - Shooting Star/Wicks/Reversal/Resistance/Fib

FX:GBPUSD   British Pound / U.S. Dollar
58 0 3
I have taken a short position on this pair, after a strong bullish uptrend past the psychological resistance level of 1.25, price should be heading on its way back to retest the level as new found support. Price is also being pushed down as there is resistance at 1.2545 as you can see on the chart. Long wicks also mean that a reversal could be on the cards so I've entered short. My TP is set just above the 38.2% fib level as shown on the chart which is also the support level which is another confluence.

TP @ 1.25067
SL @ 1.2566
R/R @ 1.73
Trade closed: stop reached: Price Spiked up, hit my SL, and then melted quickly to my TP. Nice bit of manipulation.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out