GBPUSD Short: Trend Following

27 dic 2016

Here is a simple supply/demand short, where we have an abundance of supply at current levels and sufficient reason to take a 2:1 R/R trade. Many factors of resistance above price, including short-term SMA's, trendlines, and S/R zones. If trade continues through TP, I will let it ride. Happy Trading!

27 dic 2016

Operación activa

Short is active, market is currently sitting at entry point. Supply and Demand levels still apply. Cheers

28 dic 2016

Nota

Nice resistance and drop, Moving stop to BE as we are sitting at 1:1 R/R
tradingview.com/chart/g4qzrgok/

28 dic 2016

Nota

29 dic 2016

Operación cerrada manualmente

Exited at PSAR, small 3 pip gain