Description
⋅ The Pound has been one of the most volatile currency pair for the year 2016.
Amidst this erratic movement, I still manage to see it respecting Harmonic movements.
Will be looking to short GBPUSD on a bearish shark completion around 1.4723.
Will adopt a bigger SL for this pair, around 127 pips of risk to capture about 300 pips of profits.
Trade active
⋅ Entered short at 1.4720. Leaving trade open.
Will look to TP around 1.4470.
If price retest 1.4720- 1.4730 it is still a short.
Trade is invalide only if it breaks above 1.4820.
Trade active
⋅ Secured half position of profits at 1.45. (+220 pips)
Leave 2nd half running with SL tightened to 1.47. (Minimum +20 pips)
Trade closed: target reached
⋅ 1.4460 hit. TP on 2nd position.
It is Brexit guys.