GBPUSD SHORT Short

British Pound/U.S. DollarFXCM

Description

⋅ Feb 26, 2019 11:18 PM

Here we have GBPUSD in a sell setup. It has come to my daily sell zone and given me confirmation to go short.

Trade safe and good luck!

⋅ Feb 27, 2019 7:55 PM

This trade is still active, a shooting star candle has been formed on the 4 hour so another position has been added!

⋅ Feb 28, 2019 2:38 PM

A lot of people have messaged asking my why I am still bearish on this pair. This is because the sell zone is bigger on daily tf, as seen below.

⋅ Mar 5, 2019 9:30 PM

My SL is at EP now for this position and I have closed some of my positions as we got close to our TP before the retracement.

⋅ Mar 7, 2019 3:41 PM

TP hit!

Comments

ClearCapital

⋅ Feb 28, 2019 1:05 PM

Hi,

I agree with the levels and this looking overvalued but what indicators do you use to come to your daily sell zone?

UnknownUnicorn216436

⋅ Feb 28, 2019 2:28 PM

@ClearCapital, I use no indicators, just previous highs. As you can see my charts are usually very clean, I like to keep it simple.