GBP/USD - Selling climax and sell trap !!! Sellers careful !!! Long

British Pound/U.S. DollarFXCM

Description

⋅ Jun 28, 2016 1:41 AM

I saw massive selling climax in ultra high volume in the background. This is a sign that smart money exited their short positions. I found the fake breakout of the low, which is a classic manoeuvre by market markets to trap the crowd.

Watch for buying opportunities. TP set at 1.3970.