After a clear rejection of the 1.28000 institutional level yesterday (10th June), GBPUSD fell past the previous day's low. Since then, it has wiped out typical retail long positions during the Asian session, after a "double bottom" formed as can be seen on the chart.
I am anticipating a retest back into the 1.27200 level where I aim to go short, aiming for a possible significant move to the downside.
I am anticipating a retest back into the 1.27200 level where I aim to go short, aiming for a possible significant move to the downside.
Trade active:
133 pips PROFIT and counting...