laughingchartist

GBPUSD [1-3 days view]

Short
FX_IDC:GBPUSD   British Pound / U.S. Dollar
Short GBPUSD
Entry: 1.2274
SL: 1.2356


Price holding below its natural moving EMA of 21 period.
Further, price is also holding and reacting below descending trendline resistance.

With MACD below 0, in a bearish environment. I expect price to drop further towards my target.
Trade active:
1st TP hit!
Closed out 75% of my position and moved my SL to breakeven.

Now to let the rest run to TP2!
Trade closed manually:
2nd TP reached!
+2.25%

Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28
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