GBPUSD short setup

FX:GBPUSD   British Pound / U.S. Dollar
47 6 1
Good luck!
That's OK. I'm still long, but don't expect a lot above the recent high.
HamzaLeith ForceFollower
I admit, the technical indicators favor your view, the price is crawling nicely between the basis line and the upper line of the BB 2 stdev, the MACD and BB width are going up which all suggest a breakout to the upside, however, I don't like the candle from this morning (post CPI figures), I have the feeling that there is just not enough momentum to the upside...as the end of the trading week is nearing and that's when reversals usually take place we might see a significant drop. I think the 1.6730's will get retested.
ForceFollower HamzaLeith
Very quiet now. Nothing's been going on for the last five hours. The wide range bar (on 240) marks the boundaries for any price action. Any breakout from it may be significant.
HamzaLeith ForceFollower
Congratz Piotr, looks like your patience had paid out, man I really should rely more on technicals instead of hunches!!
+1 Reply
HamzaLeith HamzaLeith
Paid off*
ForceFollower HamzaLeith
Thanks. Patience is important in trading. And yes, you will make more money based on the known probability than on hunches.
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