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hopiplaka1
Nov 25, 2014 5:49 AM

Shorting GBPUSD after stops were cleared Short

British Pound/U.S. DollarFXCM

Description

The GBPUSD trade of yesterday was stopped out, but I'm going to short again in line with daily order flow.

Again, we touched a resistance level last week around the 1.5730 level.
We retraced into the OTE zone yesterday and cleared some stops resting there since last Friday.

We have formed a nice 1H order block at another resistance level around 1.5690 level.

Shorting around that level and take profit is the lows around 1.5620 where liquidity is residing
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