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Sell GBPUSD at 1.5437

Written by Ross Mullins on April 15, 2010 – 8:32 am -

Trade posted to TAP at 8:46am ET. Sell GBPUSD at 1.5437. Several technical indicators are lining up here. Expecting a bounce back towards 1.5400. Break of the 1 hour trend line is the main confirmation backed up by a fib of the previous down run, historical resistance around the 1.5435/40 level and a Tunnel fib line. Targeting as close as possible to 1.5400 but will move to BE up 20/25 pips. Break of 5400 supports at 1.5380 then 1.5340.

GBP/USD Chart Picture


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Posted in Trading Signals & Strategies |

2 Comments to “Sell GBPUSD at 1.5437”

  1. Jennifer Says:
    April 16th, 2010 at 11:12 am

    I sold GBPUSD smaller lot size with my stop above high (1.5523) and held on to the short and closed out at 1.5380 spike down (tunnel). THX

    Have a Nice Weekend :-)

    I missed your AUDUSD sell earlier this week. That worked out well.

  2. Ross Mullins Says:
    April 16th, 2010 at 2:56 pm

    Great Jennifer…..glad to hear you made some pips!

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