23/02/2012 GBP/USD Short

  1. dgraham85
    dgraham85
    Sorry for the delay been busy busy busy.

    Ok I have a set up to short the Gbp/Usd

    Entry1- 1.57380
    Stop1- 1.58337
    Take- 1.55200

    Entry2- 1.57626
    Stop2- 1.58800
    Take- 1.56000

    R.S.I- Below 50% broke supporting trendline on daily now in a negative stance and capped by a downward line
    MACD- Declining
    Volume- Declining

    Reason for trade- Possible breakout to the downside for more retracement.

    Aggressive stance- Set orders
    Passive- Wait for confirmation after retest
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