GBPUSD Simple Short Setup

3 thg 10

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

Don't over think it.

3 thg 10

Ghi chú

MAGIC!

like I said don't overthink it :)

23 thg 10

Ghi chú

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

13 thg 11

Ghi chú

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.