GBPUSD SHORT TARDE 12.07.2016

12th July 2016 contacttf

I felt the momentum was right, and the triple top [1 min] was an indicator to set in. The 1 hr chart was with me, however, the 4 hr chart was going in the other direction. Ultimately, I believe in market equilibrium so took the short side.

Market equilibrium is a market state where the supply in the market is equal to the demand in the market. The equilibrium price is the price of a good or service when the supply of it is equal to the demand for it in the market.