GBPUSD trend weakness, time for buyers to (br)exit
Uptrend 'oficially' broken on stop sell level (that's our entry).
Monthly had a nice bearish 10/20 EMA cross on top of that.
We had some nice selling volume on the break of that trendline.
1st target for a partial take profit, after that stay in the short for the possible rest of the downtrend.
Monthly had a nice bearish 10/20 EMA cross on top of that.
We had some nice selling volume on the break of that trendline.
1st target for a partial take profit, after that stay in the short for the possible rest of the downtrend.
Trade active:
And we're in the trade.
Comment:
Nice profit already, don't forget to trail the stop down from here. Taking no loss = the biggest win of all.
Trade closed: stop reached