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Basit-Abdul
Dec 6, 2019 1:46 AM

GBPUSD - POSSIBLE SHORT FROM PYCHOLOGICAL LEVEL 1.3200 Short

British Pound/U.S. DollarFXCM

Description

Previous month has illustrated a ranging market. Breakthrough has occurred in the recent days and is slowly approaching psychological level of 1.3200 in which a possible rejection could occur.

This particular zone has also been proven to be a strong resistance several times this year.

SELL LIMIT order placed at 1.3200.

Trade active

SELL LIMIT EXECUTED AT 1.3200.

Rejection had occurred on the zone as predicted. Currently on 90+ Pip profit.

Trade closed: target reached

Comments
meszaros
Very accurate analysis. Congratulations. 👍
Basit-Abdul
Thank you @meszaros. Despite expecting bearish movement to occur, it seems as though the pair moved before it could reach the proposed level of 1.3200. However thank you!
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