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nuts
Jul 1, 2017 12:02 PM

GBPUSD short Short

British Pound/U.S. DollarFXCM

Description


Cable has been a stronger performer. In the long run it still have upside potential, however at this moment, it seems to be overdone here. The price action suggests that it will definitely go for a stop hunt post brexit highs.
So I would short @ 1.3060-70 with a 30 pip stop and target 1.29

Comment

Missed this one..definitely going in the right direction now.

Trade closed: target reached

and bang on target
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