We are looking at a short trade on GBPUSD based on the stretch strategy. There is trend,stretch and direction alignment with this trade on both 1h and Daily TF. Late entry was taken on price breakout after retracement. There is a high probability for range,previous daily high and range to be formed to the downside. We will exit the trade once range has been achieved.
Trader Order Details:
GBPUSD(Short)
E - 1.2407
SL - 1.2428
T - 1.2387
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.