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Pumpcat
Apr 21, 2019 5:57 PM

GBPUSD trend weakness, time for buyers to (br)exit Short

British Pound/U.S. DollarFXCM

Description

Uptrend 'oficially' broken on stop sell level (that's our entry).
Monthly had a nice bearish 10/20 EMA cross on top of that.
We had some nice selling volume on the break of that trendline.

1st target for a partial take profit, after that stay in the short for the possible rest of the downtrend.

Trade active

And we're in the trade.

Comment

Nice profit already, don't forget to trail the stop down from here. Taking no loss = the biggest win of all.

Trade closed: stop reached

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