Going Short on GBPUSD!

19 בינו׳ 2023

We see price had previously rejected the 1.24000 area and had went to the 1.19500 support area before bouncing back to the resistance area 1.24000. We are seeing price starting to reject this area once more so we took a short trade! Only downside would be if price were to break above and continue high! But only time will tell!

This will be the last trade of the week with 4 trades of profit followed by 1 loss, I would say it was successful!
Have a great weekend!

Thank you!