RaynLim

GBPUSD-Weekly Market Analysis-May21,Wk4

Short
FX:GBPUSD   British Pound / U.S. Dollar
I've shorted GBPUSD on Friday with more than 50pips of running profit with zero risks (I've shifted stop to the entry). During Monday market open if the candle breaks and closes below the red trendline on the 4-hourly chart, it will increase the bearish run and help me to reach my target earlier. However, if it doesn't and if it retraces back to 1.4181 and didn't break and close above 1.4194, I might just engage another short position to this trade.

If you are interested to look into my thought process before I engaged the trade on Friday, click the link on the related ideas within Trading View post.

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