currently we're looking at British pound against the US Dollar and it's expected to drop any time soon as R2 Zone is activated where Heavy resistance will eventually rally it downwards, if we pay a little more attention towards it's all Jacked up which Indicates that market has tried to reverse down earlier but it didn't rally as per the expectations and now it could go down to render some moves,
In our previous analysis we bought the Sterling at 1.398 which perfectly Hit our both Indicated Targets above (+200 PIPS)
Now that it has completed with the segments we're shorting it with optimal risk ratios,
So, here's our preferences,
SELL NOW - 1.43165
STOP LOSS - 1.43493
TARGET - 1.41468
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(Running with +55 PIPS)
Let us know how you did in this trade, averaging +100 PIPS,