Cable Short
Updated
Holding GBPUSD short. Strong bearish momentum since early March with a nice retracement into the 'golden pocket' area after testing the 50% fib yesterday.
Trade active
Still active on this however currenty running in negative. The USD Existing Home Sales (MoM) (FEB) has had a impact on price due to a much higher (6.5%) outcome than the 0.9% forcast and the -2.0% previous figures - the figures came out at 14:00.
Keep your SL's tight especially as current uncertanty in the market, ensure corret money management at all times.
Trade closed: stop reached
Stopped out, 1% loss.
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