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Daniel.Dalo
Aug 12, 2014 7:10 PM

GBPUSD - Short against structure level Short

British Pound/U.S. DollarFXCM

Description

Watching this pair, as it just hit important structure level and RSI on an overbought condition. Following the downtrend on the 1H timeframe, this would be a nice short opportunity with target around the 1.272 extension at 1.6719.

Good luck guys!
Comments
Mirandole
Wonderful Trade !
Daniel.Dalo
Thank you very much! Sadly, I closed that order completely and didn't go for a second target, but it was a nice profit :)

Good luck mate!
Sandeep_Gupta
Nice trade set up.
Daniel.Dalo
Thank you! I'm glad it turned out very well, price is now very close to an important structure level on the daily chart, so i'll watch it closely for an opportunity to go long :)
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