[GBPUSD, 6/12/2018] Enter short at 1.27900-1.27800
Price has been moving down within the perfect downward channel by creating lower high and lower low.
In case of any positive Brexit news that may cause upward spike, it is the safest to enter at around 1.27900-1.27800. However, keep an eye on the resistance power that 200 MA offers. It is likely that upward bounce stops there (1.27700).
Entry: 1.27900-1.27800
TP: 1.26800
SL: 1.28000
In case of any positive Brexit news that may cause upward spike, it is the safest to enter at around 1.27900-1.27800. However, keep an eye on the resistance power that 200 MA offers. It is likely that upward bounce stops there (1.27700).
Entry: 1.27900-1.27800
TP: 1.26800
SL: 1.28000
Comment:
If the next candle closes under 1.27600, I will open sell.