Friday, January 15, 2010

Sold GBP/USD at 1.6224, for 105 pip profit

I just sold my GBP/USD position for a 105 pip profit. I believe there is more downside in this currency pair in the coming week but I exited mainly because of the oversold conditions of the shorter time-frame charts. I'm expecting a fairly substantial bounce from my selling point and I may consider re-entering sometime early next week. Here's a 15 minute chart.


No comments:

Post a Comment