hopiplaka1
Short

Shorting GBPUSD in line with UK yields

FX:GBPUSD   British Pound/U.S. Dollar
263 2 1
I'm shorting GBPUSD             in line with the overall downtrend and declining UK yields.
Divergence was seen between the EURUSD             and GBPUSD             5 Year yields (EU made higher high, GU not).

We are in the OTE             zone of the current price range and drove into a 1H bearish order block ( bullish candle before a significant down move).
Stop is placed 10 pips above the swing high, take profit is at the next bullish 1H order block, with a r/r of 1:4
This was a successful trade with a rr ratio of 4
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AusDoc
2 years ago
Beautiful work, just out too soon.
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