Setup: In correlation with the rest of the GBP pairs and the current political situation in the UK, the 130 resistance (area) has been tested for the past week failing to close above it.. prices are also closing in on the strong and steady D1 downtrend line boundary which can indicate more volatility and bearish entry opportunity soon.
We set up a short trade around the 130.3+ area with a tight SL above the high of the week / tail of the last rejection and aiming at the low levels of the past week for TP.
We set up a short trade around the 130.3+ area with a tight SL above the high of the week / tail of the last rejection and aiming at the low levels of the past week for TP.
Order cancelled
Comment:
Entry price not triggered, target profit was hit though!