The pound has approached a daily value area and looks set to go down. I have entered a short and will take profits at the daily Support and Resistance flip and will thereafter reanalyse for medium term buys.
Look at the bigger picture. View the Weekly chart.
I am a Position trader and as such this trade is only a small portion of the overall trade that is earmarked for the rest of the year.
I will post the buy once stop losses have been hunted below the above mentioned daily S/R Flip
Goodluck and please comment your thoughts and charts
Trade closed: target reached
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sell trade hit target last week. Check the buy posted seperately