GBPUSD SHORT
Updated
Stops should be placed at 1.4715 with TP at 1.4400
The TP target is the location where divergence first appears on the MACD
If I'm wrong and we get a daily close above 1.4650 I see this pair making a move up to 1.4900
I personally think Brexit uncertainty will cap this pair for the time being. Also, the DXY is sitting on major support and due a bounce.
No one knows where the market is going next. Just my opinion.
The TP target is the location where divergence first appears on the MACD
If I'm wrong and we get a daily close above 1.4650 I see this pair making a move up to 1.4900
I personally think Brexit uncertainty will cap this pair for the time being. Also, the DXY is sitting on major support and due a bounce.
No one knows where the market is going next. Just my opinion.
Trade active
Entry to the trade was taken when price closed outside the regression trend channel. Entry @ 1.4620
SL @ 1.4781
TP @ 1.4400
Note
TP Target HItTrade closed: target reached
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