GPBUSD is in a big, perfect downtrend. 1.3200 becomes an important resistance and price is very weak, just hovering above the major support at 1.2950 level.
With the confirmation of the MACD bearish cross on daily chart, I am expecting a fast downward momentum in August until we reach 1.2630 level.
Update: SL Moved to 1.2982
| Pair | GBPUSD | |
| Action | Sell Stop | |
| Expiry | GMT+8: 10/Aug/2018 23:59 | UTC: 10/Aug/2018 15:59 |
| Open Price | 1.2970 | |
| Stop Loss | Trailing stop to breakeven | |
| Take Profit | 1.2632 | Risk-reward ratio: |
14/8 Update: This trade is now a winning trade.