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samuraichopsticks
Jan 15, 2014 9:04 AM

GBPUSD Battle plan update Short

British Pound/U.S. DollarFXCM

Description

yesterdays setup tradingview.com/v/zULvmNMZ/
If somehow price could recover back up to 1.6443..... Before US Data... would be sick!
Price already has broken below correction line but closed above my 10 pip buffer where I entered long.
If it fails I will back off for today and see where data is going to push price to. We are about 150 pips away
from 1.6254 which most likely will get there after todays data release if not tomorrow. From there I will
look for long setups.
Comments
samuraichopsticks
congrats if you took the 1.6430 short trade.. On the 5 min chart I could find a bull cypher but was nocked out pretty easily.
I've manage to scalp from 1.6373 to 1.6340 for about 30 pips to recover from that failed cypher.. for a total of about 60 pips for today. Actually made a mistake time wise and thought there was still plenty room left before data release. That's all for today. A falls breakout would be the joke for today
samuraichopsticks
If 1.6430 50% position and move stops for targets to 1.6454
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