TradeWithTheLogic

GBPUSD Short 01/08/20

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OANDA:GBPUSD   Libra Esterlina/Dólar Americano
Last week I tried to short it a couple of times but it went against me. I guess now it is quite obvious that it is was well structured for more upside. that does not mean I would have looked for longs rather than I should have been more cautious with the shorts until reaching the top. On EUR/JPY that was clearer so I was able to avoid loses and eventually I had an opportunity to short it from the top. Anyway shorts must be cautious because on daily it looks like we might have a change of the trend and on 4 H we are currently in an uptrend even though quite over extended which suggest there is probability to test the top or break it one more time before falling for a deeper correction
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