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WhosPipsAreTheseAnyway

GBPUSD - SHORT

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
WhosPipsAreTheseAnyway Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators Fundamental Analysis GBPUSD gbpusdshort gbpusdanalysis gbpusdsignal gbpusdtrade gbpusdidea gbpusd_forecast gbpusdsetup gbpusdsell
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trendanalysis indicator fundamental gbpusd gbpusdshort gbpusdanalysis gbpusdsignal gbpusdtrade gbpusdidea gbpusd_forecast gbpusdsetup gbpusdsell
GBPUSD has broken the 1.40 upward trend line, the 1.40 pivot level as well as the 1.3959 fibbo support and continues to look heavy. Dollar is strong post the recent FOMC meeting and we see no sign of this slowing anytime soon.

I would therefore look to sell GBPUSD around the 1.13960 level and would add another sell around the 1.40 level and stop both clips around the 1.4027 fibbo lvl.

GBPUSD short 1 @ 1.3959
TP: 1.38
SL: 1.4027

Goodluck!
Comment:
Trade running nicely in the profit of +80 pips ... Moved SL to entry to protect capital.
Comment:
Trade running nicely in the profit of +100 pips
Comment:
Closed this trade @ 1.3825 for a profit of +134 pips!
Comment:
Closed GBPJPY short for a profit of +60 pips
Comment:
Total of +194 pips made on this idea.
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