Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
GBPUSD DAY TRADE
British Pound / U.S. Dollar
Short
GBPUSD DAY TRADE
By mfennan
Follow
Follow
Updated
May 18, 2020
1
1
1
1
May 13, 2020
THE CABLE JUST BROKE A BIG SUPPORT THAT WAS HOLDING FOR THE LAST 3 WEEKS REPRESENTED BY THE BLUE LINE
ON A HOURLY CHART WE SEE A BEARISH TREND WITH A BEARISH MOVING AVERAGE
TIMING
ON 15 MIN CHART WHEN PRICE HITS MA 20 FROM BELOW
FIRST TAKE PROFIT : 1.22
May 13, 2020
Note
ONCE THE FIRST TP PROFIT IS REACHED I AM CLOSING HALF OF THE POSITION AND LOWERING THE STOP LOSS TO ENTRY POINT
THE MARKET WILL GIVE US AN OPPORTUNITY TO REINFORCE THE POSITION IF CONDITIONS STAY OPTIMAL
May 18, 2020
Trade closed: target reached
1.2 was reached
Beyond Technical Analysis
Chart Patterns
consulting
Forex
GBPUSD
Technical Indicators
mfennan
Follow
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
.