Short GBPUSD broke 1.3029

FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD broke the key level 1.3029 and is currently entering a downtrend movement, using the Trend ribbon we were able to find the reverse point.
- SL placed over earlier resistance
Comment: trade is near the target price, but at that price, I will close 70% of the trade. The GBPUSD broke a really important level at 1.3000 so I think it could continue the downtrend
Trade closed: target reached: Closed with 48+ pips
Agree with your bearish view:
+1 Reply
Filipadler FXCM-EDU
@FXCM-EDU, Yes exactly, now I'm seeing some resistance on the current support 1.3000
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