SHORT GBPUSD

I have taken a short position on GBPUSD. Although a negative confluence appears on the daily timeframe in the form of an ascending triangle. But it looks like there is still room for it to fall.

Please use appropriate risk management for your trading style. I am not liable for the outcome of this trade.

Kommentera:

Bullish pressure still seems to be present, GBPUSD might be on its way to break above the multi-year range. This week has seen its second best attempt at doing that in 4 years.

I am still short, but I have covered my short position to limit losses. I will update this when resumption criteria is met.