GBPUSD - Chance for shorting the greenback

Apr 12, 2018

Yesterday's daily rejection candle indicates that there would be a possibility of price reversal. Located near the resistance area, we could treat the candle as a signal for shorting the market.

You can place the trade now or using sell stop order for a conservative approach. High of the candle will also act as an invalidation or a signal that the market want to break the resistance and continue its upward movement.

Entry: Current price (aggressive) / Using sell stop below yesterday's rejection candle (conservative)
Stop: Above yesterday's high
Target: Nearest support area

Please trade with care :)

Apr 12, 2018

Trade active

Lets pray that this trade will play out as expected :)

Apr 12, 2018

Trade closed: stop reached

:(