GBP/USD short – Second attempt

The Pound Dollar got me on that first try. If I hadn’t been encumbered with giving advanced notice the trade would have been closed for a very manageable 39pip loss when if first appeared to be doomed to failure. It looks like the 5th extended so the next stop is $1.6856 level. This also matches with an C=A level so, it should be good for at least a pullback. This should allow for a break-even stop, if not better.

I’m going to try this one again. A Sell at $1.6846 is going to be entered once the market opens on Sunday. No stop and no limit just yet. If no stops are too scary then entering one at $1.6965 should be good.

chart

This entry was posted in Trades. Bookmark the permalink.

Leave a Reply