GBPUSD: Top of the rally here, or at 1.28
Updated
I'm short the Pound from here with a tight stop. If it confirms the turn, I'll add and reduce my stop loss further. If it stops me out I'll wait for 1.28 to be hit to reshort with a tight stop again.
The downside is appealing in this pair, but if we travel above 1.28 with ease, I'd change my stance and give up on shorting it for a while.
Good luck,
Ivan Labrie.
The downside is appealing in this pair, but if we travel above 1.28 with ease, I'd change my stance and give up on shorting it for a while.
Good luck,
Ivan Labrie.
Note
It sure was the top temporarily.
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