GBP/USD Daily Analysis 12/10/2023

12 ott 2023

My Long position was triggered, which lined up with my analysis. Unfortunately my short position was not triggered on the way down, the gap between the market movement and my short entry was very small (Marked out by the small circle between the wick and the red line), I will have to look into my analysis and reevaluate my entry strategy/level as I missed a few pips as the short would’ve hit take profit with minimal to no drawdown. I have also set an alert for my partial profits level for my running long position which is at the lowest point in an imbalance which was created on the way down to my entry.