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darcsherry
Jun 2, 2022 12:37 PM

GBPUSD | New perspective Short

British Pound/U.S. DollarFXCM

Description

I have just identified a similar scenario to that which we saw in the EURUSD ( this was shared earlier): With a key level at 1.255000 sharing a confluence with the bearish trendline identified in the 1H timeframe, I am looking forward to selling the British Pound going into the New York session... Stay tuned in as regular updates will be shared on my tradingview account.

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Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.

Trade active

Multiple entries and re-adjustment of entry points

Trade closed: stop reached

ANTICIPATING RE-ENTRY

We were taking out of the initial entry; now we look forward to a reversal pattern for a bearish incitation. So, there is a re-adjustment in entry points - see screenshot below;

Trade active

Pending order triggered

Trade active

With over 130pips running in profit (5 positions); we want to move our stop loss accordingly to lock in our positions... Best of luck

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