GBP/USD has been in a downtrend for a few weeks, but recently, it showed signs of strength, with a short term uptrend that was following the uptrend line in the chart. We had a strong red candle breaking through the uptrend line, so I believe that there is a concrete chance to trade this market with a short position. Setup of moving averages is a bit unclear, so I enter this trade with a slightly lower risk.
Komen
⋅
Removed 1/4 of my position at 1.2410 to start taking profits.