Good short position in terms of risk and reward

FX:GBPUSD   British Pound / U.S. Dollar
70 0 1
We still have to remember that the down movement started not because of Scotland, but because we are expecting that the interest rate in US will rise sooner than in UK, of course Scotland brought more risk for the GBP, and we had to much emotions in the market, therefore there is a possibility to go higher but we are already on the half way of this up movement. In addition we reached the 0.382 Fib Level, and it seems to be a very solid resistence.
Finally , my position is short (accepting the probability that we could go higher but for sure not higher than 1.643) with a stop loss at 1.64400 and the tp at 1.57750

Also week data that came over the weekend from China and the week Trade balance of EU will help the Dollar index             and as a consequence we will find this also in other markets..like GBP.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out