The pair has swiftly moved downside on increasing volume while the price has also crossed and remained below 20 sma. RRR is above 3 in this trade.
Trade closed: stop reached
We stopped out on this trade; however, the bias is still bearish. We will look for a fresh entry following updates of GBP/USD and USD/JPY.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.