Potential GBPUSD sell for ~120pips

FX:GBPUSD   British Pound / U.S. Dollar
Technical analysis shows the end of Week long upward trend. A retracement to 50% fib is expected before upside momentum.

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Order cancelled: Price broke out of the previous high. However, price is in a downward range. Watch out for my other idea: GBPUSD Outlook.


This is taking too long...pls watch for it. But I am canceling my trade. Would make it a sell stop
LATE_2_THE_GAME SwingingPrime
@SwingingPrime, you don't think it will go short
@LATE_2_THE_GAME, do you think it's gonna increase
SwingingPrime SwingingPrime
Oh I thought it was taking too long... but the strategy is correct. We saw some movement before close of business. I was just tired of waiting to execute the trade with Market. So I set a sell stop
SwingingPrime SwingingPrime
Usually when a trade has met ALL the criteria and it is slow as hell or ranging in a small corridor, pls get out of the trade and wait for more confirmation. That confirmation can usually be a sell stop at a better position
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