motleifaul
Short

Still trending down

FX:GBPUSD   British Pound/U.S. Dollar
48 0 2
Even if the trend is slowing and looks loke a sideward range in the shorter run we still are in a downtrend.
I am using this spike to build a new short position.
Trade closed: target reached: I am taking a first profit leaving another part of the position short in the market.
Trade active
Comment: Frankly speaking, the profit was a little one only but I prefer to be on the safe side after this previous rise that leaves me a bit unsure.
Trade closed: target reached: I am taking the remaining profit now closing the position. I am happy with this waiting now for a further sign whether the move down will continus from here or pause before.
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