GBPUSD. Spike Pattern

٦ يونيو ٢٠١٧

Squeeze Candle at important level plus downwards momemtum
Potential Re-entry at breakout of 20SMA

٧ يونيو ٢٠١٧

ملاحظة

SL moved to BE once price broke the 20SMA

٧ يونيو ٢٠١٧

أغلقت الصفقة: تم الوصول لوقف الخسارة

٧ يونيو ٢٠١٧

ملاحظة

Price is forming again what I would call a crowded trade (4H) with a much larger spike this time.
Promixity to General Elections in UK makes this trade a bit tricky. Better to stay out for the moment.