GBPUSD Bearish Formation
Updated
Recently, U.S. consumer, inflation, and labor data came out very well, but the GBP Monthly Retail Sales data showed a poor result. This might be a bias that confirms my trading ideas fundamentally.
Technically, I observed a Rising Wedge at the end of Wave 5 Elliott Wave and bearish divergence in MACD. This convinced me enough that we're now in a "corrective wave" and looking for Short Entry.
Disclaimer: On
May the pips be with US
Cheers
Technically, I observed a Rising Wedge at the end of Wave 5 Elliott Wave and bearish divergence in MACD. This convinced me enough that we're now in a "corrective wave" and looking for Short Entry.
Disclaimer: On
May the pips be with US
Cheers
Trade active
Short : "Entry Zone"SL : 1.279
Trade closed manually
It takes longer than expected.I close partially with BEP and let small amount open
Trade closed: target reached
TP 1
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