Shorting GBPUSD to hell

FX:GBPUSD   British Pound / U.S. Dollar
288 2 1
Pin bar peak on 21/08/13, making a lower high from Junes High at the end of an almost perfect measured move.
Going down to prospectively <1.48? Will target 1.54 initially, see how price reacts and possibly add to short position at 1.54 if PA dictates a lower move.
Entered at 1.5607, SL @ 1.576 TP1 @ 1.54
Thats true, but we have negative divergence in 4hr chart with MACD and CCI from 8th August providing me with a slight confidence boost. With the doji, if you were bearish on the cross in order to protect your equity you could place a stop above the high of the doji but I placed this trade with the anticipation of holding for a while hence the wider stop
Friday made a doji.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out