Short

Short Order GBP/USD 4H

Updated

We have a new short order on the GBP/USD @ 1.3020 with our first profit target sitting at 1.2957. The 1.30 area will definitely provide some support so keep an eye out at this level. Momentum is down at the bearish at the moment so we are looking to capitalize on that. Our stop level will be adjusted according to the market movements while we are in the trade.

Entry: 1.3020
First Profit: 1.2957
Trailing stop: 126

Note

We have closed part of the trade manually. With Brexit news and speculation being released this may be our last trade with the GBP for a while

Note

We have taken closed some of our trade at our profit area and moved the stop to entry.

Trade closed: stop reached

Tradingthechannel

Also on:

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.