short gbpusd to where recent move started

within the next days or few weeks gbpusd will likely to reach the area of 1.28600, unless it goes above 1.31000 level.

Comment:

Trade closed: target reached:

target was hit, went down more than 3000 points since it retraced to 61.8 level.
and it is still going down.

Comment:

i didn't close my short. at this point i think it will aim for 1.27800 level, or even 1.26800, which is my ultimate target. 1.26800 will match to 262 level of red fibo on the chart.

we can get some retracement, yet i don't expect a trend shift. not this time.

Comment:

still no longs, only shorts. recent spike was just a long-waited retest.

Trade closed: target reached:

161.8 target reached.

Comment:

looks like another retest by gbpusd.
we need to keep looking for the price action.