The Pound has been one of the most volatile currency pair for the year 2016.
Amidst this erratic movement, I still manage to see it respecting Harmonic movements.
Will be looking to short GBPUSD on a bearish shark completion around 1.4723.
Will adopt a bigger SL for this pair, around 127 pips of risk to capture about 300 pips of profits.
Amidst this erratic movement, I still manage to see it respecting Harmonic movements.
Will be looking to short GBPUSD on a bearish shark completion around 1.4723.
Will adopt a bigger SL for this pair, around 127 pips of risk to capture about 300 pips of profits.
Trade active
Entered short at 1.4720. Leaving trade open. Will look to TP around 1.4470.
If price retest 1.4720- 1.4730 it is still a short.
Trade is invalide only if it breaks above 1.4820.
Trade active
Secured half position of profits at 1.45. (+220 pips)Leave 2nd half running with SL tightened to 1.47. (Minimum +20 pips)
Trade closed: target reached
1.4460 hit. TP on 2nd position.
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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.
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.