GBPUSD short Short

British Pound/U.S. DollarFXCM

Description

⋅ Apr 21, 2016 9:56 AM

A-E triangle patternm (EW), short here Tight SL, low GBP confidence pre referendum, waiting for short squeeze to complete, See GBPNZD chart, will be shorting provided GBP basket is in position for mid term short positioning roughly 1 month TF

Comment

⋅ Apr 22, 2016 8:22 AM

stops to BE

Comments

fxrandal

⋅ Apr 21, 2016 12:41 PM

Hello, Are you shorting this now, or waiting for the !.44450? Thanks!

AdrastusFx

⋅ Apr 21, 2016 12:47 PM

first short was 1.44314, second is 1.444 just over the daily R2 at 1.4438

fxrandal

⋅ Apr 21, 2016 12:50 PM

Yes, thank you for the correction, and the reply! Also, are you saying this is a longer term positional trade?

AdrastusFx

⋅ Apr 21, 2016 12:54 PM

yes, im looking to stay overall short GBP pairs pre referendum, be careful and control your risk

fxrandal

⋅ Apr 21, 2016 12:57 PM

Thank you! I am still learning!

AdrastusFx

⋅ Apr 21, 2016 12:48 PM

PS it was 1.44405 not 1,44450