120 Pips profit in GBP/USD, more fall ahead?
Hello traders, in my yesterday's trading idea(idea attached below),
I recommended selling GBP/USD around the 1.2410 level as this
was the 100-day EMA resistance.
As you can see, the price fell strongly after hitting my sell zone. My sell
trades from yesterday are in over 120 Pips profit. I expect price to fall
further. However, I will not enter any new sell trades at the moment.
However, if there is a pullback to the resistance level again, I might consider
selling.
I recommended selling GBP/USD around the 1.2410 level as this
was the 100-day EMA resistance.
As you can see, the price fell strongly after hitting my sell zone. My sell
trades from yesterday are in over 120 Pips profit. I expect price to fall
further. However, I will not enter any new sell trades at the moment.
However, if there is a pullback to the resistance level again, I might consider
selling.
Comment:
Took profit on the existing sells. Price getting some support on the hourly mav
Comment:
We have BOE Gov Bailey Speech later in the day. So, that will lead to a lot of volatility.
