GBPUSD - Shorts were flushed out. Now is time to get in.
See Chart for entry and current SL & TP.
Not completely clear cut combined with increase volatility increases the risk of this trade. However, i like the way this looks. It looks like a bunch of stop losses were triggered. I imagine a bunch of traders went short the first part of this week and placed SL around 1.442 area. A bunch of SL triggered taking out the shorts. This shake out motivates me to jump on the short side.
1D:
Not completely clear cut combined with increase volatility increases the risk of this trade. However, i like the way this looks. It looks like a bunch of stop losses were triggered. I imagine a bunch of traders went short the first part of this week and placed SL around 1.442 area. A bunch of SL triggered taking out the shorts. This shake out motivates me to jump on the short side.
1D:
Trade closed: stop reached:
SL hit. (Adjusted original SL. see below.)
- 98.2 pips, but only a 1/2 order due to the risk of this trade. I was planning on adding the second 1/2 following confirmation, which never happened.
- 98.2 pips, but only a 1/2 order due to the risk of this trade. I was planning on adding the second 1/2 following confirmation, which never happened.
