CEC-FX

BEARS ON THE MOVE

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
GOOD DAY BEAUTIFUL PEOPLE 😀

After a short bullish move from Friday the bears gained momentum to go bearish from a high @1.38620 on Monday serving as a major high so far and as the bearish entry stop-loss. during the minor active market period of the market they bears had to take out the existing high leading to the formation of a new high @1.38987, serving as an edge to the bears.

we are currently on a sell position with our stop-loss @ the current market high around 1.3898 .
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.