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KevinKhuthadzoMuluvhu
Dec 19, 2016 8:15 AM

GBPUSD 2618 SETUP Short

British Pound/U.S. DollarFXCM

Description

A 2618 Trade setup looks to be developing on the daily time frame. Price action broke through Trendline support of the correction channel. If price retraces to 1.26000 which is also a retest of the trendline and psychological resistance area, we are looking to short this pair. Stoplosses at the previous high - 1.27800 and Profit Target 1 - 1.24000 area Target 2 - 1.22000 area.

Comment

Both our target were hit. made 380 Pips on this one. We are now out of the market
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