GBP overextended - Swing Trade - SHORT Short

British Pound/U.S. DollarFXCM

Description

⋅ Aug 18, 2020 3:49 PM

No deal making on Brexit, GBP looks over extended to me. Going short. S/L 132.55, TP1 @ 1.305 (channel support), TP2 trail the stop

FX daily highlighting strong resistance level at 1.325

Comments

Forbsy

⋅ Aug 20, 2020 12:46 AM

Edit - 1.3090

Forbsy

⋅ Aug 20, 2020 1:05 AM

See other comments for bullish case,or if you’re still bearish could add with S/L at 1.3125

Forbsy

⋅ Aug 20, 2020 12:46 AM

You could even go long right now with S/L 1.390 too!

Forbsy

⋅ Aug 20, 2020 12:42 AM

I got stopped out and was working so missed the trade, I guess that’s life as a part time trader, always another one to find.
If you’re on it I recommend lock in some profits by moving your S/L to 1.3125,
Best wishes,
Forbsy