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Quick short and a long afterWe can start with a quick short, the market seems to be going for a slight drop, it's probably going to have some problems going through the 0.74500 (TP: 0.73964 SL: 0.75080). After the currency drops significantly, i expect it will try to break the 0.74500 resistance line and go try the 0.75000. Long at 0.74012 (TP 0.74802 SL: 0.73545). I will setup the second one as pending and good until the end of the day as i am not sure what the market will look like tomorrow and the long maybe kind of going too far.
Short
by JulienBeaulieu
GBPUSD Order, long 4HOrder for a long position on GBPUSD. The pair has proven to accept the fibonacci levels, and as such I will enter a position on fibonacci 61.8, formed from the uptrend from February to March, and target fibonacci 76.4, formed from the downtrend in March-April. The SL will be below the previous low, which is also below the strong support which was formed in 2002. The support has also been respected three times, rejecting the price from moving through. And as such it is reasonable to believe that it would be respected again. Order: Entry: 1.4100 SL: 1.399 TP: 1.438 Risk/Reward: 2.55.
Long
by AndreM.Moldegard-Eriksen