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Sforex
Jan 12, 2014 10:52 PM

IDEA FOR GBPUSD NEXT WEEK. Short

British Pound/U.S. DollarFXCM

Description

Will GBPUSD retrace to finish the head and shoulder pattern ?. It depends on EURUSD move. If EURUSD move is downtrend, GBPUSD fall down too and vice versa.

In my opinion, I choose the downtrend. I SHORT GBPUSD to the target: 1.64, Stop Loss at 1.6578. 80 pips from current price.
Comments
Sforex
hit 1.64 : 80 pips
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