GBPUSD - Potential Short
Price hit uppermost trend line before moving downwards and forming a echo phone pattern signifying increased volatility. It has just hit the uppermost resistance of said pattern and is in a good position to be shorted.
Kommentera:
Price broke above trend-line, however, breakout looks weak and will most likely continue to target.
Kommentera:
Price has done as expected as is continuing to target. Trade will be closed at 1.31200 in order to reduce exposure to a potential reversal at 1.31000. However, price will most likely continue down to ~1.30000.
Kommentera:
Profit taking close order placed at 1.31925 in case of stronger than expected pullback.
Trade stängt: målet nått:
Profit taken at 1.31200 as previously expressed.
Kommentera:
Price has attained 1.30000 as expected - likely to continue lower.