Nice short on GBPUSD
Updated
a clear major resistance has been formed around 4200 level resulting in a possible channel targeting 4000 support level. A breakdown of the trend line will certainly confirm the markdown. I have taken the chance and gone short from 4200 with SL @ 4213 targeting 4140 with 50% of lots and the rest will target 4110.
Comment
It played very nice. first target has been reached and that closed 50% of the lots. rest is target 4000 level.
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.