A little rebound then it's short time!
Updated
I'm just waiting for a little bounce back up before getting involved with shorting
GBPUSD today.Expecting quite a nice move.
I'm hoping to share more of my methodology over the coming weeks, so stick around if you're interested!
Note
Haven't had a bounce yet, I'm wondering if we might see a double top somewhere around 1.277 - 1.2785...if we do that could give us a great risk/reward ratio.At this point I haven't entered the trade whilst I wait to see what the market does.
Trade active
Trade entered.We got our bounce, now we're expecting some downward movement toward 1.26800
I wouldn't be surprised to see a little further upward movement first, maybe around 1.2775...but this is a good enough entry point for my plan.
Note
US news took out stop loss, but price failed to breach the upper zone of support so I've re-entered the trade at 1.27744 with the same target.New stop loss is around 1.282
Trade closed: target reached
Bit of a wobbly journey but that's just the markets. Target reached.
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