Short GBP on retracement to 1.2710
As per previous post analysis - wait for retracement before UK unemployment numbers which will disappoint again.
Important: the climb up to 1.27 zone will by no means be a bullish signal - only retracement from current drop and then further declines to continue.
Entry 1.2710
SL 1.2810
TP 1.23
Good luck all!
Important: the climb up to 1.27 zone will by no means be a bullish signal - only retracement from current drop and then further declines to continue.
Entry 1.2710
SL 1.2810
TP 1.23
Good luck all!
Trade active
Went short at 1.2703
Entry 1.2703
SL 1.2810
TP 1.23
Note
There is a huge option expiry at the 1.2640 level at NY 10am expiry - expect the price to hover around there...Trade closed manually
Played out nicely - closed trade at 1.2580 with a gain of 123 pips - will probably take another sell on retracement.
Good luck all!
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