GBP/USD SHORT THIS IS A OLD TRADE THAT I DID
GBP/USD
THIS IS A OLD TRADE I DID BEFORE THE ONE TO THE RIGHT I JUST FORGOT TO UPLOAD IT HENCE WHY I REWINDED IT AND REWINDED THE LAST ONE! BUT I DID CASH OUT :)
risk/reward 2.5
Pips: 125
Reward earned: 101
Risk: 40
Confluences
• Resistance line in price area
• Price action was pushing towards a fib area on the last bullish move
• Double top reversal pattern
• Fib retracement on the bearish pull hit 88.60%
• DXY pushed up and broke structure on 15mins time frame could be looking for a strong reversal
THIS IS A OLD TRADE I DID BEFORE THE ONE TO THE RIGHT I JUST FORGOT TO UPLOAD IT HENCE WHY I REWINDED IT AND REWINDED THE LAST ONE! BUT I DID CASH OUT :)
risk/reward 2.5
Pips: 125
Reward earned: 101
Risk: 40
Confluences
• Resistance line in price area
• Price action was pushing towards a fib area on the last bullish move
• Double top reversal pattern
• Fib retracement on the bearish pull hit 88.60%
• DXY pushed up and broke structure on 15mins time frame could be looking for a strong reversal