GBPUSD Trendline breakout, retest and confirmation Short

British Pound/U.S. DollarFXCM

Description

⋅ May 30, 2017 5:59 PM

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

⋅ Jun 1, 2017 4:45 PM

GBPUSD gbpusdshort