Short

GBPUSD Short Idea

Updated

Cypher pattern completion. Stochs, RSI and overall trend pointing down. Immediate targets at the 38.2 and 61.8% fib extensions. Stops above recent swing high. Watch your spreads during this time and manage your risk, markets are wild at the moment. If in doubt, sit on your hands and do nothing.

Note

TP1 was hit for +80 pips. SL now moves to BE +2

Trade closed: target reached

TP2 is hit for +182 pips.

+262 pips for a pair that seems to have weathered the events of Monday's blood bath

IgniteFX

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