KaizenTrader
Short

Notion of a long retracement was rejected for the GBP

FX_IDC:GBPUSD   Pound Sterling/U.S. Dollar
I was wrong about the pound looking to retrace upwards and my SL was hit on the previous pound trade. Have an open short position after the minor pushback we saw during the London/NY trading session. It now looks like a retracement trade downwards to the previous bottoms we saw on July 7th. Trend lines and cloud are showing supporting bearish signals as well. SL at the recent high and TP just above the full retracement zone.
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