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JaredJJohnson
Sep 6, 2016 3:05 PM

Yes there's GBP strength, I'm looking to short soon Short

British Pound/U.S. DollarFXCM

Description

With all the GBP strength over the last several days it probably seems crazy to think/talk about shorting GBP I'm going to do it and you can't stop me. I've already made some good cash buying EURGBP this morning, GBPUSD is next on the chopping block. I want to see this move 100'ish pips higher then i'll be looking for some short term trend line breaks to sell. I love trading back to the 200 ema on the 15 minute chart and that's what I plan to do here.

I'll have a new trend line drawn at some point in the next 24-48 hours but if we see 1.3530-50 area I'll be selling.

See chart for details....
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