FX:GBPUSD   British Pound/U.S. Dollar
8 weeks down and currently price is doing a wash and rinse of 4 days high, at f5 of recent downmove.
I will take a bet that this week should continue the downmove. The trend does not end till it ends.
I am currently monitoring a potential retest of 6600. Shld it be resisted, then a M Double Top will be formed and I will look to add in more positions to short. Otherwise, i should be prepared for a bigger retracement up.
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price going nowhere yet but I hope 6600, which is also 2013 high, will hold as strong resistance.
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i hv finally taken profit and shifted the rest to BE and awaiting thurs news on risk-free.
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Still riding the last position.
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