JLJ002500
Short

GBPUSD - Trade Journal (Scaling in short position)

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
Have had a bear view. Expect further significant decline before reversing. Ultimately, I expect GBPUSD             to fall to ~ 1.372 before reversing (see 1W chart below).

I'm scaling in because I'm not completely convinced the recent correction is over. Also I potentially will hold this short position for an extended period of time and I expect there will be multiple opportunities to short.

1W Chart - Possible Crab Formation
snapshot



Trade active: Added to position @ 1.43251
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