GBPUSD SHORT UPDATE for FX:GBPUSD by SteveNixon

GBPUSD SHORT UPDATE

OK we are about 50% of target but today could be quite volatile so caution is required

If you took this call yesterday I would advise putting your stops to zero or taking your profits if that is better for you.
It is very difficult to call this now - lets see if it breaks the short term trend line STTL
I'm staying in because stops at zero means a free trade if this goes further south

Good luck
Steve

Note

Sorry I forgot to label the STTL on the chart - it's the downward sloping yellow line which is being approached at time of publishing

Note

Stops hit for zero - just waiting for direction indicator

Note

I said it was going down lol

Note

Sorry guys - I got back into this but it developed to quickly to post a chart. I hope you didn't get stopped out before the expected big drop. I've posted another chart "GBPUSD What Next"

SteveNixon

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SteveNixon