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GBPUSD DAY TRADE
British Pound / U.S. Dollar
Short
GBPUSD DAY TRADE
By mfennan
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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
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