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jamesabuck
Jan 18, 2021 7:18 AM

Short Term Sell Bias on GBPUSDĀ Short

British Pound/U.S. DollarFXCM

Description

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Double top leading into break out to the downside. Looking for a pullback to the neckline before a sell to the downside.

Trade active

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Bought it yesterday when it sank into my demand zone - +50 pips. Entry this morning @ half risk.

Trade closed: stop reached

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Stopped out at -0.5R, the early drop into the shoulder changed the bias - this is why risk management is key! šŸ”
Comments
EasyCharts
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Nice analysis
Shegslove
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Nice one
iraqi_barrister
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Thanks !
TRADESBYZION
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Oh yea šŸ”„
jamesabuck
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@TRADESBYZION, nice reaction off trendline & .786 fib, waiting for the best entry šŸ™ŒšŸ»
TRADESBYZION
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@jamesabuck Iā€™m running it already mate . Since yesterday night . Currently 35 pips in profit bro
jamesabuck
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@TRADESBYZION, love that bro šŸ”„
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