Hello traders.
Another GBP pair is forming a very promising short trade setup. I had an entry order, but now my trade is active. I hope it will keep going down. I have put that entry order because I want to be in the trade if it falls like a rock. But waiting for a small correction after breakout would be a safer entry. You can see my long-term expectation on the chart down below. Of course, I won't keep my trade open until it breaks weekly bottom, but this is the potential.
Another GBP pair is forming a very promising short trade setup. I had an entry order, but now my trade is active. I hope it will keep going down. I have put that entry order because I want to be in the trade if it falls like a rock. But waiting for a small correction after breakout would be a safer entry. You can see my long-term expectation on the chart down below. Of course, I won't keep my trade open until it breaks weekly bottom, but this is the potential.
Comment:
The structure between yellow lines looks like a correction. That's why I moved stop-loss at the breakeven. I hope it will keep going down before it breaks the trendline.
Comment:
Move stop-loss to 1.3330
Trade closed manually:
Profit is almost 4.5%.
I have placed a new entry order because if it keeps coming down I don't wanna miss it. But I hope it will go up first to complete the correction, then I will take a new short trade.
I have placed a new entry order because if it keeps coming down I don't wanna miss it. But I hope it will go up first to complete the correction, then I will take a new short trade.
