GBPUSD Short Trade
I plan to enter a short position on GBPUSD at a significant resistance level to take advantage of a potential reversal or continuation of the bearish trend. I'll monitor the price action closely and wait for confirmation as it approaches the resistance level. Proper risk management, including setting a stop loss and take profit levels, will be implemented. I'll stay updated on market conditions and adjust the trade if necessary.
Trade closed: stop reached
Was wrong on this idea
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.