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fxstraderomi
Nov 11, 2015 9:24 AM

Short GBP/USD Short

British Pound/U.S. DollarFXCM

Description

I prefer entering into a short GBP/USD Pair @ 1.5156-1.5160 Target 1.5087-1.5025, stop loss 1.5210

Rationale

The hourly RSI is turning lower form the overbought zone and the daily RSI is bearish. This accompanied by a failure to sustain above 5-DMA tells me the cable is likey tohead lower.

Trade closed manually

Part profit booked at hourly 100-MA level immediately after the release of the data...
remaining positions stopped out in the NY session
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