Thursday, June 21, 2012

New short trade on GBP/USD



I took a new short trade on the GBP/USD pair yesterday just before I went to play golf....hence the late post.

You can see my entry point on the chart together with my stopp loss and limit order levels.

Note the direction of the indicators....all downward....

The first important level will be 1.5665 and the second 1.5600....I am expecting resistance at both these levels..but if broken the next level would be around the 1.5550, before heading down to my target.

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