GBPUSD
Updated
I identified downtrend channel on GBPUSD with a few confirmations - we broke important resistance level and also fundamentals play along - weak CPI data from yesterday. It is a good idea to enter short trades on the upper bound of the mentioned channel.
resistance level @1.30515
fundaments - weak data from Britain:
July 18th - Great Britain
Core Consumer Price Index (YoY) June
Consumer Price Index (YoY) June
I have short trades open right now.
resistance level @1.30515
fundaments - weak data from Britain:
July 18th - Great Britain
Core Consumer Price Index (YoY) June
Consumer Price Index (YoY) June
I have short trades open right now.
Trade closed: stop reached
so, this trade did not end up well. But we can say our SL @1.31000 was well set and by using proper risk management the damage was controlled.
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.