Well well well, if it isnt GBPUSD coming back crawling to us with a potential short. Let's get it! Here's what I see...
I believe the price can fall to the previous structure lows at least 50 - 80 pips. We should be able to take profit during the London session if you can get short now. Let's see what the price ends up doing.
- double top flirting around my 200-EMA that should ultimately keep the price down.
- price in the overbought region of the MFI
I believe the price can fall to the previous structure lows at least 50 - 80 pips. We should be able to take profit during the London session if you can get short now. Let's see what the price ends up doing.
Trade active:
Okay, I'm going to get in this trade once the price hits 1.23068. This is MY play. Lock me in!
My entry: 1.23068
Stop-Loss: 1.23414
Take-Profit: 1.22635
(43 possible pips)
My entry: 1.23068
Stop-Loss: 1.23414
Take-Profit: 1.22635
(43 possible pips)
Order cancelled:
The pair consolidated a bit and made another push to the upside. I'm out of this trade unless it falls back down under the 200-EMA.
Conservative Trader Signal
Entry: 1.23068
SL: 1.23558
TP: 1.22285
(78 possible pips)
Aggressive Trader Signal
Entry: 1.23068
SL: 1.23068
TP: 1.21861
(120 possible pips)
*Keep in mind, my profitable trades average about 7 - 24 hours (give or take) from entry to exit.