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DrRoach2

GBPUSD small short before big long. Trading plan for 160% return

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
DrRoach2 Updated   
OANDA:GBPUSD   British Pound / U.S. Dollar
Technical Indicators GBPUSD gbpusdshort gbpusdlong
2
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indicator gbpusd gbpusdshort gbpusdlong
GBPUSD is not breaking above 1.35895. I have taken a short position aiming for ~10% return and looking for price to break below 1.35441. After that, I will be expecting price to retest the 1.35895 area. If price fails again to break 1.35895 then I will expect a bigger move lower testing 1.34099. It is on this test that I will be looking to go long with 1.42419 being the target with roughly 100-150% returns.
Trade active:
Opened short position above. Will update when closed and looking to go long.
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