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wnsda
Jun 30, 2021 4:00 AM

GBP Second Shoulder Long

British Pound/U.S. DollarFXCM

Description

Warm welcome traders,

GBP likely sculpting a second shoulder, and possibly tracking the pitchfork. Long with an estimated moderate risk to reach the 61.8% line as TP1 and near the 79 line as TP2.
(Trendline is from 03 Sep'19, not Sep'20 :)

Cheers.

Trade closed: stop reached

Darn, DXY too strong.

Comment

Embarrassed to say got out near the 23.6 line at evens. Didn't like the first test of that trendline. Resolved to write when out during trade if manual instead of afterwards.
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