Hello traders. In response to the GBPUSD Short Setup below....
That trade wound up being good for about 30 pips so far... but judging price action we are expecting some continued upside. We are now looking to the 1.2568 figure for a potential shorting opportunity. Our institutional research suggests that sellers may try to protect the downside at that level. As always you will want to use a 30-40 pip stop and look to take whatever you can on the profit side.