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simonecabras

GBPUSD retrace on 4hr downtrend - SHORT

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
simonecabras Updated   
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD shortsetup short 4hr
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gbpusd shortsetup short 4hr
It look like the price is on a congestion area at 1.5250 which was previous support if you look on the left.
I short hte pair looking to place a SL just above previous resistance at around 1.5270 and target just above previous lower low at 1.5040.
Let see how it goes!
Trade closed: stop reached:
Stop reached with a loss of 51 pips
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