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A break of upper area should accelerate move to lower horizontal area.
Currently I am holding 2 shorts at 1.6078 and 1.6137 and both are in money now. I am looking for a possible move down towards the lower horizontal area.
A Full Time Trader's Blog. The Forex and Commodities Trading with Technical and Fundamental Analysis
Friday, October 19, 2012
GBPUSD Short Trade
I am trading & watching this setup from past few sessions. Details [here].
As expected, price got rejected from the channel's upper trendline and is touching the upper horizontal area.
A break of upper area should accelerate move to lower horizontal area.
Currently I am holding 2 shorts at 1.6078 and 1.6137 and both are in money now. I am looking for a possible move down towards the lower horizontal area.
A break of upper area should accelerate move to lower horizontal area.
Currently I am holding 2 shorts at 1.6078 and 1.6137 and both are in money now. I am looking for a possible move down towards the lower horizontal area.
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