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AkashGaur
Aug 16, 2015 2:29 PM

gbpusd rising wedge along with supply zone Short

British Pound/U.S. DollarFXCM

Description

Hie everyone so we have a trade on gbpusd here. As we can see that the price has formed a rising wedge and it also at a previous supply level, which presented a very good short opportunity with a good risk:reward. Entry for this trade is 1.56294 with stops around 1.5664 and tp at 1.55692 and the second one at the 4 hour demand at the bottom at 1.54717. Trade would be closed manually if it reaches the stop. Goodluck
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