Fading the spike in GBP/USD, Gutsy trade. Who is with me?
Greetings Tradingview community and fellow traders!
So, GBP/USD traders especially those who are short got a nasty shock today.
CPI data from the US propelled GBPUSD straight to the stratosphere.
But, things are slowing down a bit now. Based on the Price action in the 15-minute
timeframe, bulls are exhausted now.
So, this gives us a sell opportunity, right? Well, this is a risky trade so be careful
before following me.
My entry : Sold GBPUSD@1.2470
TP: 1.23
No SL yet as I do not want to get stop hunted but if price moves beyond 1.25, alarm
bells will start ringing in my ears
So, GBP/USD traders especially those who are short got a nasty shock today.
CPI data from the US propelled GBPUSD straight to the stratosphere.
But, things are slowing down a bit now. Based on the Price action in the 15-minute
timeframe, bulls are exhausted now.
So, this gives us a sell opportunity, right? Well, this is a risky trade so be careful
before following me.
My entry : Sold GBPUSD@1.2470
TP: 1.23
No SL yet as I do not want to get stop hunted but if price moves beyond 1.25, alarm
bells will start ringing in my ears
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