GBPUSD Simple Short Setup

Oct 3

Nice bearish rising wedge setup with a great risk reward.
Wait for the structure to crack.

Don't over think it.

Oct 3

Note

MAGIC!

like I said don't overthink it :)

Oct 23

Note

Since my call to short GBPUSD it has done nothing but give profits.
Take some profits let the rest ride.

Nov 13

Note

GBPUSD continues to pay us well! I don't see this trend reversing at the moment.
Since my call to short, it has produced over 570 pip gain! Very respectable.
I remind you not to forget to take some profits and increase your cost basis.
This will allow you to lock in gains and letting the rest ride for bigger returns.

Initiating new trades is not advisable as you will be trading an entirely different trade with much more risk.