1. Yesterday FOMC make the price to go downwards hitting retail traders stop loss and went back up again hitting more retail trader stop loss.
2. Price went back down, which means that GBPUSD requires a deeper retracement.
3. Before London Open, price retrace upwards reaching previous high. (M15)
4. Price triggering Sell stop (M5).
2. Price went back down, which means that GBPUSD requires a deeper retracement.
3. Before London Open, price retrace upwards reaching previous high. (M15)
4. Price triggering Sell stop (M5).
Comment:
If price hit SL, dont worry, find another short entry in the purple box, as long as it does not higher than 1.22450
Trade closed: target reached:
TARGET HIT EZPZ