abajwa

GBP/USD starting to look over valued

Short
abajwa Updated   
FX:GBPUSD   British Pound / U.S. Dollar
As per diagram
Trade active:
Entry 1.2620
Partial profit taken 1.2588
Stops now to b/e
Comment:
T2 1.2540
T3 1.2490
Trade closed manually:
Stop at b/e even tripped. Trade closed for 32 pip move. Still looks overvalued - waiting to re-enter short higher up
Comment:
Re-entry at 1.2626 targets stay the same
Comment:
Trade closed with small loss - closed above 1.2646 - possible extension to 1.2725 - still looking overvalued for now though
Comment:
Re-entry again at 1.2645 - bond yield with extreme divergence from price which is at s/r area - stop above last swing high
Order cancelled:
Closed with small profit at 1.2626 before US data report today
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