GBPUSD Short

4 Mar 2019

see chart

6 Mar 2019

Not

Price has closed gap and sitting at old demand zone, a new minor supply zone was formed and is in control currently. Heavy selling pressure still ahead as brexit is still at a stand still and the U.S. dollar gaining strength. NFP will affect this pair if a negative reading occurs on Friday morning.

6 Mar 2019

Not

Price retouched down trend line, a break of the down trend line will indicate buying pressure, so far the trend line was respected more then once.

7 Mar 2019

Not

Down trend line was respected and price continues to drop, price is currently retesting February 25 daily high.

8 Mar 2019

Not

Trade should hit long-term trend line by next week. Currently 13k in profit. Hope everyone enjoyed this trade. Take profit on trend line next week and if it breaks uptrend then enter again.