mcquak
Short

Short the Cable correction

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
349 0 5
Though the Cable is in uptrend I believe some major correction could appear within next (two) weeks. I can see price is in negative divergence with oscillator, recently bounced from top of the channel and next significant support level is around 1,6270. So I'm about to go short with 1.6270 as profit level. As this is counter trend trade I'll move SL to BE asap             . RR ratio 1:1.5.
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