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hopiplaka1
Oct 21, 2014 6:44 AM

Shorting GBPUSD in line with UK yields Short

British Pound/U.S. DollarFXCM

Description

I'm shorting GBPUSD in line with the overall downtrend and declining UK yields.
Divergence was seen between the EURUSD and GBPUSD 5 Year yields (EU made higher high, GU not).

We are in the OTE zone of the current price range and drove into a 1H bearish order block (bullish candle before a significant down move).
Stop is placed 10 pips above the swing high, take profit is at the next bullish 1H order block, with a r/r of 1:4
Comments
AusDoc
Beautiful work, just out too soon.
hopiplaka1
This was a successful trade with a rr ratio of 4
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