GBPUSD Bearish Formation

١٩ يناير ٢٠٢٤

Recently, U.S. consumer, inflation, and labor data came out very well, but the GBP Monthly Retail Sales data showed a poor result. This might be a bias that confirms my trading ideas fundamentally.

Technically, I observed a Rising Wedge at the end of Wave 5 Elliott Wave and bearish divergence in MACD. This convinced me enough that we're now in a "corrective wave" and looking for Short Entry.

Disclaimer: On
May the pips be with US
Cheers

٢٣ يناير ٢٠٢٤

تم فتح الصفقة

Short : "Entry Zone"
SL : 1.279

٢ فبراير ٢٠٢٤

تم إغلاق الصفقة يدويًا

It takes longer than expected.
I close partially with BEP and let small amount open

٥ فبراير ٢٠٢٤

أغلقت الصفقة: تم الوصول للهدف

TP 1