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JD_FX
Aug 31, 2020 6:43 AM

Short: GBP/USD Short

GBP/USDOANDA

Description

It's a bank holiday in the UK so I am expecting quiet play today
Top-down analysis on the 1Day, 4hour and 1hour chart indicate the market is overbought
£ looks like its at a high and could do with a retracement
Stochastic and MACD all aline to indicate a reversal
Price has crossed the moving average in the centre of the Bollinger bands

Comment

Altered trade...
Added a TP1 at 1.32597 where I will reduce the trade by 50% and move the SL. Then let the other 50% of the trade run to TP2

Trade closed: stop reached

Epic fail.
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