British Pound / U.S. Dollar
Short
Updated

Kumo cloud bounce + line bounce GBPUSD

74
Pullback in downward trend. This trend is not only short term down but in the very longer term we in a channel downwards. I expect this trade to go very well. Stop right above slow Kijun-Sen and past fast Kijun-Sen line, right in the cloud, this should be a very strong resistance level. Take profit at 2X stop loss.
Trade closed: stop reached
Reminder that I'm not a proven to be profitable trader yet. I post these to inspire and as a trading journal for myself to review everything.
snapshot

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