29 December 2011

GBP/USD : Stopped-in Short @ 1.5400

  • Previous trade : -1.5672 / + 1.5448.
  • Daily : Forming new recent lows now. 
  • Weekly : Extremely bearish major top formation.
  • Monthly : Possible triangle consolidation with huge downside potential later. Current leg = down.
  • Trade : Sell stop-in at 1.5400 triggered. Treat as new trade and stop out if this turns out to be range low. Wipe memory clean.

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