SamKent
Short

GBP/USD Breakout and Pullback

FX:GBPUSD   British Pound/U.S. Dollar
169 0 0
The GBP/USD             broke down from the Kumo, it is now retesting the flat kumo bottom, and the kijun sen resistance line. The pair is trading at RSI equilibrium, and is slightly at higher levels on stochastic . All in all, we like taking trades of this nature, trading with-the-trend, at a point of market equilibrium, with a clear stop above the kumo level, and a clear plan of trailing stop according to kijun.
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