GBPUSD short term sell opportunity to around 1.5950 before the pair rises again to retest the daily EMA200 and Weekly downchannel breakout, continuing on to 1.6381 resistance from Jan 1st
Comments
Surefyre
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Just set two limit sells - both TP @ 1.5955, higher one enters at 1.6060 to catch any bounce up to the 4th oct 15:00 candle with SL of 1.6080 and the other enters at 1.5990 with SL at 1.6035.
These are to cover me not being awake at the time it starts moving as Tokyo will get going from around 23:00 tonight. Orders good till around 10.30 tomorrow morning.
UKSNOWY
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Again.. when will you enter and exit?
Surefyre
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Additional: Expect resistance from 1.6161 breakdown price from double top - maybe some reversal pips to be made, then a likely continuation to 1.6259 double top high to retest the weekly downchannel breakout which has a good chance of seeing 1.6341/81 as next large resistance if breakout succeeds.
These are to cover me not being awake at the time it starts moving as Tokyo will get going from around 23:00 tonight. Orders good till around 10.30 tomorrow morning.