nw7

21 SEP 2015 : Planning for both short and sell

FX:GBPUSD   British Pound / U.S. Dollar
21 0 1
Cable is in the rage for 4 months since May 2015. I am planning both short and long this week.

<Short>
- Based on Weekly chart, I will consider to short in my "sell zone" (brown box on the chart)
- On 4hour chart, the candle is currently below BB1SD ( Bollinger Band 1 Standard Deviation), which is indicating that the market may fall for a short term.

<Long>
- Based on Daily chart , I will consider to long in my "buy zone" (pink box on the chart)
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