GBP/USD reaches first resistance, time for a pullback

Hello traders, in all my past 4 GBP/USD idea, I recommended buying the
dips in GBP/USD. Price was at sub 1.21 levels. If you followed those idea, you
would have certainly made 250-300 pips profit.

Now, as expected, GBP/USD has reached the 100-day exponential moving average
level around 1.24. I expect the price to pullback here. Even in the hourly chart,
GBP/USD is very over-stretched.

So, if the 1.24 level holds, selling GBP/USD@1.2380-1.24 with SL above 1.2450
and TP at 1.2340 would be a potential sell idea.

Trade active:

Sold@1.2420.

Comment:

Trade in 82 Pips profit

Comment:

100 Pips profit hit, I belive there will be more drop, but I am booking partial profit now

Comment:

Trade hits 170 Pips profit now