danresdidualfx

GBP/USD market setup

Short
FX:GBPUSD   British Pound / U.S. Dollar
the Sterling has almost recovered and tapped towards these significant highs, which price had previously shown to be a reversal point.
candlestick rejections around this price point could convey further validity towards downside pressures.

risk/reward ratio 1:1.6
Trade active: Price broke above the region that was acting as a resistance, the price could create more momentum to the highs. We will find a monitor and look for areas to close the trade.

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Man take this down
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danresdidualfx LarenzoXavier
@LarenzoXavier, you first
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Simple yet effective!
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@Investroy, thanks for your feedback, slightly cautious about this trade but will monitor it.
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