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PetarJacimovic
Jul 21, 2016 11:11 AM

Weakness on the market, targeting 1.3075 Short

British Pound/U.S. DollarFXCM

Description

Today I found a very solid setup at GBP/USD. The strong supply in a high volume entered the market and I saw decreasing volume on the upward leg. and I used Ichimoku in this example. The price crossed the cloud, Tenkan sen crossed Kijun sen and Chikou sen is below the cloud. I don't even need to mention that short-mid term trend is bearish.

Target set at 1.3075 (140 pips)
RISK is 35 pips. (0.5% from account)

I will hold position max 4 hours ...

Trade closed manually

Exited on breakeven !!
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