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UnknownUnicorn6441570
Nov 19, 2020 8:08 PM

GBPUSD - could we go again?  Short

British Pound/U.S. DollarFXCM

Description

We saw a nice 50 pips from our previous trade and adjusting the fib we have reacted nicely off the 50%... again. So, let's see some more dollar power and take this pair down again. Lowered the risk on this one as we have already taken a profit out of the pair. Forex is all about managing your emotions in the trade.

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Comments
OGEMPIRE
i want to place this trade should i go ahead?
UnknownUnicorn6441570
@OGEMPIRE, up to you. we like set up and are risking 1% on the trade so if you do, make sure you use correct risk management
faraz99200
Took the trade around 1.33, since the price is on a daily supply zone I expect it to go down and breakthrough h4 zone, long term trade I’ll take profit once it gets half to my tp but this pair and AUDUSD should hopefully start to see some downside movement weeks to come
faraz99200
@faraz99200 h4 zone around 1.32018
UnknownUnicorn6441570
@faraz99200, Agreed
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