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garyw2u
Nov 6, 2013 11:50 AM

Trade the previous levels? Short

British Pound/U.S. DollarFXCM

Description

GBPUSD previously failed at 1.61 and appears to have done so today as well, potentially go short back to 1.592 with a tight stop at 1.6105-1.611 giving a good reward:risk ratio
Comments
garyw2u
Closed early at 1.597 as gbpusd seems to have found significant fibonacci support from the upswing from 1/11-6/11
ZenMasterFX
Great trade!
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