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British Pound / U.S. Dollar
Short
Updated

GU short idea

250
Everybody who is looking to buy GU -- breakout traders, support&resistance traders etc will be delivered by stop-loss activation on both sides as we see price re-distribute at the indicated level towards bottom trendlines and support levels. LTF reversal mandatory to confirm the move.
Note
Possibly missed the entry by a fraction. Look for another confirmation.
Note
Got tapped in
Trade closed: stop reached
Sorry, we lost this one. On hindsight, a further analysis of Volume would have confirmed lack of intention to continue lower and it was a move to trap sellers (such as ourselves)
fxsurgeon1
Chart PatternsGBPUSDgbpusdanalysisgbpusdideagbpusdsellgbpusdsetupgbpusdshortTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsGBPUSDgbpusdanalysisgbpusdideagbpusdsellgbpusdsetupgbpusdshortTrend Analysis
fxsurgeon1

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.