Short

GBPUSD Short

Updated

see chart

Note

Price has closed gap and sitting at old demand zone, a new minor supply zone was formed and is in control currently. Heavy selling pressure still ahead as brexit is still at a stand still and the U.S. dollar gaining strength. NFP will affect this pair if a negative reading occurs on Friday morning.

Note

Price retouched down trend line, a break of the down trend line will indicate buying pressure, so far the trend line was respected more then once.

Note

Down trend line was respected and price continues to drop, price is currently retesting February 25 daily high.

Note

Trade should hit long-term trend line by next week. Currently 13k in profit. Hope everyone enjoyed this trade. Take profit on trend line next week and if it breaks uptrend then enter again.

Austin58

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