[JimmyMac]

What other complimentary information did you take into account for this trade Ray?

What about time of day? Is the Tokyo session usually a key opportunity window for this pair? How bout the current zone or area in which price finds itself? is it a high risk or low risk entry zone? what is price currently doing at this level?

I've marked up the past 3 or 4 days activity on the 15min chart below & zoomed in a little closer to magnify the past few hours action mainly to highlight how I see this specific level in relation to the past couple days behavior.

I sure hope your trade returns a profit for you, but bear in mind today is quite busy on the economic front for the Pound.

We got Halifax House Prices out at 9.00am followed by the MPC Int Rates decision & statement a little later.

How willing do you think the serious players will be to get involved in any substantial bets ahead of that news output?

Just look at how price is stringing out leading into todays London activity. Is it still trending or ranging on the smaller (15min) timeframe?