Short @ 1.5780ish

Trading Discussion Currencies
1

Hello all,

I think the GBPUSD has a great possible setup is conditions hold. The recent rally is setting up a nice short if it can climb to the 5780 level. The Daily flag is expanding to the downside. The risk/reward on this trade is fantasic. I just hope it sets up.

What do you think? Will the USD sell off enough to get us there or do we short it now? :33:

GBPUSD.jpg700×524 49.4 KB

2

Hopefully some of our caught this push. I took profits at 5400. Hopefully not a bad idea? Now is will probably drop like a rock, lol… Can’t catch every pip. On to the next trade… :cool: