GBPUSD Short From Trendline Rejection
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Cable has broken to downside and retraced back up to the trendline based on dovish FED. It has been rejected though and so I am expecting another move down soon.
GBP rate decision is in a few hours though, so s/l is being kept tight just above the most recent swing high @ 1.43 area.
I entered in @ 1.4257 and am shooting for 1.414 (61.8 fib retracement). I may move limit downward if upcoming rate decision is unfavorable to GBP.
Thanks for looking, good luck!
GBP rate decision is in a few hours though, so s/l is being kept tight just above the most recent swing high @ 1.43 area.
I entered in @ 1.4257 and am shooting for 1.414 (61.8 fib retracement). I may move limit downward if upcoming rate decision is unfavorable to GBP.
Thanks for looking, good luck!
Nota
S/L triggered @1.4300. That was fun.
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