GBPUSD 21-May-2020 - Bearish Trend Continues
Updated
Hello fellow traders, GBPUSD has broken away from the supply zone and continues with the bearish trend.
I managed to get a short trade entry at 1.2230 upon breakout and retest of the supply zone.
My profit target is 1.2093 with 1:3 risk to reward ratio.
I managed to get a short trade entry at 1.2230 upon breakout and retest of the supply zone.
My profit target is 1.2093 with 1:3 risk to reward ratio.
Note
Price reached 50% FIB level then retraced to entry. Still holding onto the trade.Note
Still holding onto the trade. Stop loss moved to break even.Trade closed: stop reached
Stop loss triggered at breakeven and trade closed automatically.
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