BennettTrades

GBPUSD were looking at a short!

Short
FX:GBPUSD   British Pound / U.S. Dollar
If you stay up to date with my analysis's this week has been very good for me. Yesterday I posted a free signal for the short downtrend on gold . I woke up this morning to gold hitting my first take profit! Very happy with my progress. Other than that currently on GBPUSD price has just touched a key resistance zone . It has now started the down trend and has already retraced into my golden range for fibonacci. I believe were looking at a good take profit at my fibonacci extension level. Even if your late to this trade there is still money to be made I believe. This is my prediction it can be wrong but it is what I am going with. Let me know what you think below.
Comment: Fortunately had a tight stop loss and didnt lose a lot from this trade but you learn something new from every trade.

Comments

My bit of correction on this,
If you had combined a proper use of support and resistance, drawing an unbiased trend line and also a proper study of candle stick patterns, that would have been a great deal. 👍 anyway.
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BennettTrades Jacque_Financials
@Jacque_Financials, appreciate the feedback definitely was my fault on this one should have waited it out a little longer. I also traded against the trend. Have a good day man.
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bad luck of this one mate
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@laddi, Yeah unfortunately strong bullisn movement through that resistance zone I can say I was definitely surprised.
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