Cable is retesting the 1.3960 resistance area with the key pivots up at 1.3980 and 1.40 level. I would therefore look to sell GBPUSD around the 1.13980 level and would add another sell around the 1.40 level and stop both clips around the 1.4027 (61.8%) fibbo resistance lvl .
I remain a dollar bull and therefore continue to sell the rallies in this pair.
GBPUSD short 1 @ 1.3980 TP: 1.38 SL: 1.4027
Goodluck!
Kommentera
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Trade running nicely in the profit of +80 pips! Move SL to entry to protect capital..
Kommentera
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Closed half the trade for a profit of + 95 pips, will leave the other half to run risk free..
Kommentera
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Trade is running nicely at +155 pips in the money! (currently at 1.3825) Still in it, looking to close at 1.3800.