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| GBPUSD H4 |
I went short right at 1.6132 and is looking for a possible move towards the lower horizontal resistance area.
A Full Time Trader's Blog. The Forex and Commodities Trading with Technical and Fundamental Analysis
Thursday, October 25, 2012
GBPUSD Channel Short Trade
I am watching this channel and have traded it well before. Details [here]. So far its coming up good .
Currently another short trade is coming up. After spike of GDP new's release, price touched the channel's upper trendline and is coming down in a quite fast. This channel has provided resistance so far.
I went short right at 1.6132 and is looking for a possible move towards the lower horizontal resistance area.
I went short right at 1.6132 and is looking for a possible move towards the lower horizontal resistance area.
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