AshFX

GU Short Swing Trade

Short
AshFX Updated   
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Bearish Bias;
- Higher Low on Weekly TF Wicks (13th & 27th April Weeks)

- Break of 4hr CTL will confirm a melting of GU

- 1st Target to Fib level -27

- Swing Target to previous monthly low (April)

- Stop placed above a previous 4hr candle wick (accounting for slippage)
Comment:
Take Profit 1 target complete.
Longer swing target is still valid as overall bearish bias remains.
*Compounded at -27 Fib level pullback*
Trade closed: target reached:
Closed at TP2 target!
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