GBPUSD. Spike Pattern

Short

British Pound / U.S. Dollar (FX:GBPUSD)

Updated

FX:GBPUSD British Pound / U.S. Dollar

Squeeze Candle at important level plus downwards momemtum
Potential Re-entry at breakout of 20SMA

Comment:

SL moved to BE once price broke the 20SMA

Trade closed: stop reached

Comment:

Price is forming again what I would call a crowded trade (4H) with a much larger spike this time.
Promixity to General Elections in UK makes this trade a bit tricky. Better to stay out for the moment.

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