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peterbokma

GBPUSD-SELL strategy

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
peterbokma Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis gbpusdsell
6
0
trendanalysis gbpusdsell
No change in view. The pair is looking to nose dive as we got a negative stochastic, plus the run up was good enough as well.

For now SELL @ 1.2625-1.2650 and place stop loss above DC resistance 1.2668 (let's say 1.2679). Profit order @ 1.2517 for now.
Comment:
just to update the analysis. Profit was taken as suggested..@ 1.2517...
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