GBPUSD Short
We are looking to take this short because the BoE touted that they are looking to cut interest rates.
This play is only valid if price can come into 122709 and break through because it shows that there is continuation. Technically speaking, a test of 382 and a break of lows is the play.
Entry: 122709
Stop: 122957
T1: 122582
T2: 122125
Trailing stop at T1, risking 2% of the account here.
This play is only valid if price can come into 122709 and break through because it shows that there is continuation. Technically speaking, a test of 382 and a break of lows is the play.
Entry: 122709
Stop: 122957
T1: 122582
T2: 122125
Trailing stop at T1, risking 2% of the account here.
Note
The turning point will be data coming out of the US at 13:30, a Gartley looks like it's setting up on the 15 minute.Order cancelled
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