Is it time to short GBPUSD ?
Updated
GBPUSD is likely at a critical point both from fundamental (Brexit negotiations) and technical (multi-year resistance lines) points of view.
As we see the impulse cut short with the truncated wave 5, it makes sense to seek enter into a Short position:
Sell order @ 1.3380, TP1 1.3000, TP2 1.2700, SL 1.3530
As we see the impulse cut short with the truncated wave 5, it makes sense to seek enter into a Short position:
Sell order @ 1.3380, TP1 1.3000, TP2 1.2700, SL 1.3530
Trade active
Short @ 1.3380, TP1 1.3000, TP2 1.2700, SL 1.3530Trade active
Move Stop to 1.3370Trade closed: stop reached
Stopped out at 1.3370+10pip
Will seek a new short entry point
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