Quote:
Originally Posted by cmellon
Hi all,
For those of you who are bearish, it's a very good opportunity to short GBP soon.
I have standing short order at 1.9914, which is at the upper trend line channel.
Stop Loss can be set at previous swing high around 1.997.
Good luck.
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I have no idea why my target date of August 15 is still a week away, but price has dropped to my target level. This may mean there's a scope for further weakness for GBP.
Nonetheless, I am trying the EW triangle count, and therefore I am preparing to close my short trade 9914 at 9455 today if it goes there, and switch to long. Will move to SL to Break Even as soon as I can.
GL everyone.