Fading the spike in GBP/USD, Gutsy trade. Who is with me?
Greetings Tradingview community and fellow traders!
So, GBP/USD traders especially those who are short got a nasty shock today.
CPI data from the US propelled GBPUSD straight to the stratosphere.
But, things are slowing down a bit now. Based on the Price action in the 15-minute
timeframe, bulls are exhausted now.
So, this gives us a sell opportunity, right? Well, this is a risky trade so be careful
before following me.
My entry : Sold GBPUSD@1.2470
TP: 1.23
No SL yet as I do not want to get stop hunted but if price moves beyond 1.25, alarm
bells will start ringing in my ears
So, GBP/USD traders especially those who are short got a nasty shock today.
CPI data from the US propelled GBPUSD straight to the stratosphere.
But, things are slowing down a bit now. Based on the Price action in the 15-minute
timeframe, bulls are exhausted now.
So, this gives us a sell opportunity, right? Well, this is a risky trade so be careful
before following me.
My entry : Sold GBPUSD@1.2470
TP: 1.23
No SL yet as I do not want to get stop hunted but if price moves beyond 1.25, alarm
bells will start ringing in my ears
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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.