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| GBPUSD Daily |
Previously , I went short at 1.6078.
At current prices, I am opening one more short position looking for a move to downside. I plan to open one more short at channel upper trendline, in case price moves to that area.
A Full Time Trader's Blog. The Forex and Commodities Trading with Technical and Fundamental Analysis
Tuesday, October 16, 2012
GBPUSD Short Trade
This is in continuation to my previous short trade setup plan at [here].
Currently price has moved back to horizontal resistance area. Above it comes the descending channel's upper trendline .Looks like price is consolidating near to horizontal resistance area. I am expecting price to be constrained within the channel boundary.
Previously , I went short at 1.6078.
At current prices, I am opening one more short position looking for a move to downside. I plan to open one more short at channel upper trendline, in case price moves to that area.
Previously , I went short at 1.6078.
At current prices, I am opening one more short position looking for a move to downside. I plan to open one more short at channel upper trendline, in case price moves to that area.
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