GBPUSD DAY TRADE
Updated
THE CABLE JUST BROKE A BIG SUPPORT THAT WAS HOLDING FOR THE LAST 3 WEEKS REPRESENTED BY THE BLUE LINE
ON A HOURLY CHART WE SEE A BEARISH TREND WITH A BEARISH MOVING AVERAGE
TIMING ON 15 MIN CHART WHEN PRICE HITS MA 20 FROM BELOW
FIRST TAKE PROFIT : 1.22
ON A HOURLY CHART WE SEE A BEARISH TREND WITH A BEARISH MOVING AVERAGE
TIMING ON 15 MIN CHART WHEN PRICE HITS MA 20 FROM BELOW
FIRST TAKE PROFIT : 1.22
Note
ONCE THE FIRST TP PROFIT IS REACHED I AM CLOSING HALF OF THE POSITION AND LOWERING THE STOP LOSS TO ENTRY POINT THE MARKET WILL GIVE US AN OPPORTUNITY TO REINFORCE THE POSITION IF CONDITIONS STAY OPTIMAL
Trade closed: target reached
1.2 was reached
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