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FXMONA

GBPUSD Trendline breakout, retest and confirmation

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
FXMONA Updated   
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD gbpusdshort
3
0
gbpusd gbpusdshort
I'm going short on cable. Let me describe the reason:

1. Long term downtrend
2. Price breaks bull trendline
3. On a retest price makes a hammer

I'm going short from 1.2860 zone. My Risk and reward ratio is 1:4

Happy Trading...!
Trade closed: stop reached
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