GBPUSD Short: Trend Following

Dec 27, 2016

Here is a simple supply/demand short, where we have an abundance of supply at current levels and sufficient reason to take a 2:1 R/R trade. Many factors of resistance above price, including short-term SMA's, trendlines, and S/R zones. If trade continues through TP, I will let it ride. Happy Trading!

Dec 27, 2016

Trade active

Short is active, market is currently sitting at entry point. Supply and Demand levels still apply. Cheers

Dec 28, 2016

Note

Nice resistance and drop, Moving stop to BE as we are sitting at 1:1 R/R
tradingview.com/chart/g4qzrgok/

Dec 28, 2016

Note

Dec 29, 2016

Trade closed manually

Exited at PSAR, small 3 pip gain