11 March 2015

GBP/USD : Pyramid Short -1.4949

  • Having survived the earlier squeeze to 1.5552 (by reducing position size on the way up and increasing again on the way down), the short cable trade is now looking very good. Deep in the money.
  • Recent low at 1.4951 has now been breached. 
  • Added to short position at 1.4949.
  • Watching 1.4813 next significant low.

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