I have been waiting all week for this. Pivot , trend, EMA200, FIb levels you name it.
Strong resistance @ entry level.
Trade your levels and within your limit
Sell limit still in place.... waiting.....
Sell limit triggered - and now the waiting / watching game
Currently resting on .50 Fib and stuck on 15M EMA200 - if it breaks - its a clean runner
Taking half trade off - expecting a retest of strong resistance area. stalling at current 157 ~156.9 level where fib .50 and 15M EMA sit - reenter at same entry if retest happens. If not, add possibly add short at next retrace
PA making a strong move back towards initial entry point. Broke through recent smaller time frame Fib .500. Looking suspiciously look recent PA of GBPUSD from yesterday.
Could over extend past 158.00 briefly where additionally shorts will be entered. Remaining half of trade still open with SL adjusted just below entry to secure profit.
Entered new short @ 158.000 - still has a little left for up ward move has it exhaustive itself.
Tight stop @ 158.100
Trade closed: stop reached:
Secured a little over 170 pips with the half lot that was pulled off and remaining half stopped at break even. Turned out to be minor retrace