GU short plan 4:1 RR
Updated
Short plan continues as the upwards momentum seems to have slowed. Looking to sell at a double top or break of top around 1.37 handle, with some further confirmation at a 4:1 risk/reward.
Worth keeping USD basket in mind as if dollar continues to weaken then this plan may stall/track sideways - if USD recovers and we see GBP weaken this plan will hopefully work out well.
Worth keeping USD basket in mind as if dollar continues to weaken then this plan may stall/track sideways - if USD recovers and we see GBP weaken this plan will hopefully work out well.
Note
USD seems to have found a bottom - let's see if it holds.This plan didn't retrace to the double top ideal entry and has dropped fair bit since most likely a USD influenced move.
Order cancelled
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