Opening Day of the Week Great short on GBPUSD on a retrace.

Aktualisiert
Looking at RSI, this move will take a retracement, and then continue the next swing downward.

Let the pair come to the .618 retracement level, and short there. Target is the 1.618 or 1.272 retracement of the swing up.

cheers.

RSI is showing strong indication that this move is not done. It is currently making a retracement (ie the current swing upward). As it comes to the 0.618 to 0.786 level, short the pair.

RSI confirms this.
Trade ist aktiv
I am going short at 1.27760. I was a little late, so I have not gotten in yet. I set a limit order for 1.27760, and my stop is at 1.28136. I hope I get filled.
Trade geschlossen: Ziel wurde erreicht
This trade is still in play. It is currently in play. You can follow along with me as this trade progresses. (I myself am waiting for a limit order fill as listed ^ above.
Anmerkung
(not sure why the title of thaat last note was titled "closed" that is a wrong title. Tradingview defaulted that title, not me) To clarify: trade is still in play. I am waiting to fill my limit order.
Anmerkung
I am still in the trade, looking at a $500 profit so far. Still looking for further progress. At my take profit, my target is $3,000.
Anmerkung
I closed my gbpusd. The trade is closed, for a small profit. Will post new set up on gbpusd soon.
Chart PatternsTrend Analysis

Haftungsausschluss