Gbpusd sell 70 pip gain
Updated
This is an easy decision to sell with all this momentum and buying pressure we are seeing. I expect it to hit 1.37000 but we will take profits a bit earlier. The bulls have lost buying power and now the bears are taking control of the market. Time after time, the bulls failed to push price up and break any of the trend lines I have set in place. But now we got a beautiful fall in price. I expect a slight pull back but nothing enough to exit a trade.
Trade closed: stop reached
Stop loss took me out of this trade. Right now I am waiting to see if there will be a better entry once it reaches resistance.
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