08 July 2011

GBP/USD : Initiated Scale Up Shorting

  • Sold cable at 1.6040.
  • Meant to be first of 3 legs.
  • Monthly : Downtrend. Temporary consolidation near top of range.
  • Weekly : Broken uptrend line. Pull-back tonight is for selling.

1 comment:

thaiminhle said...

I was just stopped out and reversed positions on todays US open, with the break below 1.59. I was thinking support would hold, I guess not... Hopefully this time im on the right side!