Tuesday, March 29, 2011

Quick Update on FX

GBP/USD


Shorted at 1.6030 this afternoon, SL 1.6060 (moved to 1.6023), TG 1.5940 (moved to 1.5950).

From 4 Hour Chart, observed pincer bottom (again), would GBP/USD finally reverse and retrace to 1.6080, or 1.6150 tomorrow?


Related: Weekly Forecast (FX)
Posted by Ayumi at 9:44 PM
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4 comments:

  1. AyumiMarch 30, 2011 at 9:37 AM

    30/3 (Wed) 9:30am (GMT+8):
    Long GBP/USD at daily initial shadow 1.5970 SL 30 pips @ 1.5940, TG 100 pips @ 1.6070-1.6080 (resistance).
    Good till today 4pm (GMT+8)

    Also planted a weekly position trade to short at 1.6150, SL 40 pips @ 1.6190, TG 150 pips @ 1.60.
    Good till Thursday 10pm (GMT+8).

    ReplyDelete
  2. Jujuba.claraMarch 31, 2011 at 5:26 PM

    nice trade!

    ReplyDelete
  3. AyumiMarch 31, 2011 at 11:02 PM

    Thanks!

    ReplyDelete
  4. AyumiMarch 31, 2011 at 11:05 PM

    Short position on GBP/USD is opened @ 1.6147.
    Moving my SL to 1.6142 (5 pips), target remain at 1.6000 (guaranteed).

    Profit Pyramiding Plan:
    Plan to add another short position if GBP/USD is to rebound to 1.6080 - 1.6100, the 2nd position exit would be 1.5950.

    ReplyDelete

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