YourLazyTrader

Selling the rallies in GBPUSD

Short
FX:GBPUSD   British Pound / U.S. Dollar
In all my previous analysis(see attached idea links below), I mentioned about selling the minor rallies in GBPUSD.

At this point, GBPUSD has not only broken through the 100D EMA but also consolidated below it which is quite bearish.
From the fundamental point of view, post-Brexit EU-UK talks will determine the direction of GBPUSD in the near term.

However, I believe selling the rallies is still the ideal way to trade this cross.

So, I would like to execute sell trades between 1.2880-1.2950 with SL above 1.3050.
I will target 1.2750, 1.2680 and 1.2600 as potential take profit areas if I manage to execute this trade.
Trade active:
Sold 1.2905, SL: 1.3051, TP:1.2750
Will be looking to add another entry if it reaches 1.2950
Trade active:
One more sell at 1.2927. Let's see if we get the classic Friday reversal

𝙁𝙧𝙚𝙚 𝙎𝙞𝙜𝙣𝙖𝙡𝙨 t.me/yltrader

𝘾𝙤𝙥𝙮 𝙏𝙧𝙖𝙙𝙞𝙣𝙜 𝙎𝙚𝙧𝙫𝙞𝙘𝙚 : t.me/Avylt001

𝙈𝙮 𝙩𝙧𝙖𝙘𝙠 𝙧𝙚𝙘𝙤𝙧𝙙 : shorturl.at/qstG8
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