Nummylol
Short

GBP/USD, 1HR CHART SHORT IDEA

FX:GBPUSD   British Pound/U.S. Dollar
Entry: 1.4433
Stop Loss: 1.4460
TP: 1.4360

Looking for a quick pullback to lock in some profits.
Trade closed: target reached
Hi Nummylol, excellent analysis!!!
Reply
Nummylol DerekUweri71
Thank you. Easy profit, worked out perfect!
Reply
Hi Nummylol, why were you thinking pullback rather than reversal. And how did you estimate the market to go back up at that level you predicted?
Your analysis was spot on!!
I was short and exited after seeing the price action but I didn't anticipate it would go back up.
Reply
Nummylol DerekUweri71
Well the 1.4360 area was tapped a bunch of times so I knew it would probably cause some issues.
As well as the upwards channel leading me to expect that it would be to good to be true if it just went straight down the the bottom of the channel without and pullbacks.
Did you make your profits?
Reply
Hi Nummylol, I did make profits on the short trade but anticipating that price would pullback to the level you predicted and continue up is very good analysis. So well done again for that.
Reply
Nummylol DerekUweri71
Thank you buddy. Wish I could call it like that every time!
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If you can call it like that a majority of the time, you'd be good. I'm sure you'll get there.
Reply
If you can call it like that a majority of the time, you'd be good. I'm sure you'll get there.
Reply
Nummylol DerekUweri71
Trying my best.
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