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rkarara
Jan 19, 2021 8:45 AM

GBPUSD SHORT Short

British Pound/U.S. DollarFXCM

Description

- Previous HL has been broken to create a LL
- Break and retest entry
- Now acting as resistance
- Price tried multiple of times to break 1.37000 but could not
- 1.37000 fresh level as it was support back in 2018 now acting as resistance
- Looking for a few rejection candles from 1.36100 level then a big drop
- Main target will be 1.32000

Trade active

- 1.32000 looks a bit optimistic
- New target of 1.33000

Comment

- First target can be 1.35000

Trade closed: stop reached

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