GBPUSD - Shorts were flushed out. Now is time to get in.

FX:GBPUSD   British Pound / U.S. Dollar
48 0 5
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.

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.

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