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Tradingthechannel

Short Order GBP/USD 4H

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Tradingthechannel Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Trend Lines USD GBP USDGBP
4
0
trendanalysis trendline usd gbp usdgbp
We have a new short order on the GBP/USD @ 1.3020 with our first profit target sitting at 1.2957. The 1.30 area will definitely provide some support so keep an eye out at this level. Momentum is down at the bearish at the moment so we are looking to capitalize on that. Our stop level will be adjusted according to the market movements while we are in the trade.


Entry: 1.3020
First Profit: 1.2957
Trailing stop: 126
Comment:
We have closed part of the trade manually. With Brexit news and speculation being released this may be our last trade with the GBP for a while
Comment:
We have taken closed some of our trade at our profit area and moved the stop to entry.
Trade closed: stop reached
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