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zcsniper
Jun 29, 2014 3:47 PM

$GBPUSD idea; 1.705 down to 1.698 Short

British Pound/U.S. DollarFXCM

Description

2H Chart: as this pair has been in a slight over-buy lately with no BoE releases supporting it. I believe we will see a greater decline in this pair. Keeping in mind, I have a strong feeling this pair will be a long-term decline. I'll be opening higher-leveraged units on this pair to ride the coaster. I'll also be taking a quick look at some BoE releases if any this week.

forgot to mention; i'm a high risk trader so this is a 50k-70k unit trade

Take a look at my Linked related ideas for my long-term outlook on GBPUSD.
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