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QuantumLogicTrading QuantumLogicTrading GBPUSD, D, Short ,
GBPUSD: GBPUSD OPEN - 100 PIPS LOWER; UNDERPRICED RISK = SELL PULL BACKS
293 0 12
GBPUSD, D Short
GBPUSD OPEN - 100 PIPS LOWER; UNDERPRICED RISK = SELL PULL BACKS

A disappointing open from cable with a bears perspective. Gapping down 100 pips to 1.435 almost immediately puts my sell limit orders (at 146.5) in "unlikely" territory of being hit this week. On friday following the $ EMP report cable managed to rally to 1.458 - i was hopeful it would tick a few more pips upward before the slew of selling started as we move ...

mhctrader mhctrader EURGBP, D, Short ,
EURGBP: SHORT EURGBP
139 0 5
EURGBP, D Short
SHORT EURGBP

Still holding short in EURGBP cross, we have just got into a selling area and the market needs to retrace. So I am targetting 50% fib level with 2.34 risk/reward ratio. Have a good end to the weekend.

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