- Previous 3 units short stopped out at 1.6068 earlier for a profit.
- Start brand new trade : Sold 1 unit @ 1.6095. Plan to add 1 unit at 1.6139 (50%) and 1.6182 (62%) = Fibonacci levels of [1.6306 - 1.5975].
- Monthly : Triangle consolidation.
- Weekly : Double Top formation.
- Daily : Uptrend broken. Sell rallies.
12 October 2012
GBP/USD : Fresh Short @ 1.6095
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