GBPUSD - Possible Right Shoulder - Sell on 1H channel High

10 Mar 2019

FX_IDC:GBPUSD

I am demo trading and documenting my progress. This is not intended to be a sell signal !

Ascending Trendline Structure on 4H
Possible Right Shoulder incoming - Sell prediction on 1H channel High

I am trading FX_IDC:GBPUSD demo and documenting my progress. This is not intended to be a sell signal !

Sell Limit - 1.30705
SL - 1.31200
TP - 1.29500

12 Mar 2019

İşlem kapandı: durdurma seviyesi

Trade activated at top right shoulder but broke out and hit stop loss at the anticipated Brexit news.

Retested weekly resistance at 1.3250 before huge sell off towards weekly support at 1.3030, pushed by fundamentals.

I was not able to keep track of trade but ordinarily a Sell Stop order would have been placed. I still believe target 1.29500 will be met. Will look to reanalyse.