Shorting GBPUSD in line with current downtrend Short

British Pound/U.S. DollarFXCM

Description

⋅ Oct 22, 2014 11:39 AM

After the move down I waited for a retracement in the NY Open kill zone.
Price retraced into the OTE zone right into a 5MIN bearish order block.

Take profit is the low made during LO Kill zone

Comments

hopiplaka1

⋅ Oct 23, 2014 6:14 AM

I will close this around the 1.6040 level today because I think we will make a shorter term retracement to the upside