bertusch
Short

Possible swing cypher on GBPUSD

FX:GBPUSD   British Pound/U.S. Dollar
225 1 1
With just a little bit on the RSI left to get overbought we can reach a pretty decent cypher and ride it down to the 1.60875 level. Where the pair might go up again and go through the roof on bullish sentiment or we go down lower and continue the downtrend it originally started.
This GU setup, and in between (traded it up, overnight it has closed the long one gaining 100 pips, and opened my short gaining another big amount of pips) has made me a very happy man, gaining me 200 pips total. Stopped trading it when the GU news came out this week. Waiting for a direction.
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