GBP/USD SHORT TRADE AFTER THREE H1 RE-TEST
I took a position in the GBP/USD market after noticing a confirmed downside breakout below the Point of Control (PoC) followed by 3 re-tests this morning. The price closed below the level of 1.2854, and I decided to enter a short position (sell) as I believed there were good chances for the price to continue going down.
My objective (target) was to capitalize on further downside movements and profit from the decrease in the GBP/USD exchange rate. I made the trade based on what was highlighted on the chart, which indicated promising opportunities for a short trade.
My objective (target) was to capitalize on further downside movements and profit from the decrease in the GBP/USD exchange rate. I made the trade based on what was highlighted on the chart, which indicated promising opportunities for a short trade.
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