Short GBP/USD at 1.6394 (SL @ 1.6494)
I am hoping to fetch 60 - 80 pips each from these two positions. I will carry them till Monday if necessary. If profitable, I will post my chart and analysis for this type of setup.
Update: I shorted EUR/USD and GBP/USD once more at these levels - 1.4348 and 1.6420 on Monday morning. Exited the two GBP/USD shorts at 1.6340 and 1.6330 late afternoon. Targets as envisaged. Plus I wanted to reduce risk exposure at this point since EUR/USD seemed to be well-supported. EUR/USD could move higher Tuesday morning but I am going to hold. Hope my gamble pays off.
Update 2: Oh well, a gamble lost on the EUR/USD positions as the price exploded higher at the London opening.
Update 2: Oh well, a gamble lost on the EUR/USD positions as the price exploded higher at the London opening.
