- 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].
23 October 2012
GBP/USD : Increased Short @ 1.5973
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