FeroxWealth
Short

GBPUSD Potential Short Scalp

FX:GBPUSD   Pound Sterling/U.S. Dollar
TRADE TYPE: SCALP

With GBPUSD             seeming to stall its recent upward moving moment @ around 1.42800 and since then failing to see much of an attempt to the upside we are speculating to see this pair range today or start to break-down. Coming off the highs of the London session if we see price action break below this short-term shelf of support @ around 1.42150 we can enter short down to the lows @ around 1.41800 with a stop just below the highs @ around 1.42450

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Trade active: We just got filled. Trade initiated!
Comment: We may not get down to the 1.41800 target as there is a wedge forming on the hourly. Therefore the low of the wedge will be higher than the low of the day @ 1.41800... We will monitor price action when we get down there and update this trade is we close manually early.
Trade closed manually: Closed this trade out manually down around 1.41915 as its having trouble break down. Good trade!
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