GBPUSD Trendline breakout, retest and confirmation
Updated
I'm going short on cable. Let me describe the reason:
1. Long term downtrend
2. Price breaks bull trendline
3. On a retest price makes a hammer
I'm going short from 1.2860 zone. My Risk and reward ratio is 1:4
Happy Trading...!
1. Long term downtrend
2. Price breaks bull trendline
3. On a retest price makes a hammer
I'm going short from 1.2860 zone. My Risk and reward ratio is 1:4
Happy Trading...!
Trade closed: stop reached
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