23 October 2012

GBP/USD : Increased Short @ 1.5973

  • Previous low at 1.5975 taken out. Sell stop-in order filled at 1.5973.
  • Now short 3x1.6095 + 1x1.5973 = average in at 1.6065.
  • Technicals : Monthly triangle consolidation, weekly double top, daily uptrend line broken.
  • Current down leg : Expect around 1.5750 before support seen.
  • [Reminder : The big trade = monthly triangle downside break at 1.5435].

No comments: