A sell signal for GBP/USD
British Pound / U.S. Dollar FOREXCOM:GBPUSD
Another valid sell signal for GBP/USD . You can notice that intraday stops have been hit recently and the price has officially signalled to downside activating those sell stops, thus grabbing some liquidity grab at the start of the London session. It may go up to retest that level and grab some more liquidity, so if the stop loss is hit, we will look for another short entry with higher risk reward in New-York session until the next anchor point. This trade is currently running in profir, risk reward ratio is 1:2. Lets sit back and observe how the market reacts! Stay focused and stay disciplined traders!