Friday, October 25, 2013

Forex Strategy: GBP/USD Short Trade Setup Sought




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Talking Points



  • GBP/USD Technical Strategy: Pending Short


  • A Dark Cloud Cover candlestick pattern below resistance at 1.6259 hints at topping


  • Our last attempt to enter short was stopped out; we will look for new opportunities to re-enter


Confirm your chart-based trade setups with the Technical Analyzer.


Forex_Strategy_GBPUSD_Short_Trade_Setup_Sought_body_Picture_5.png, Forex Strategy: GBP/USD Short Trade Setup Sought


Weekly Chart – Created Using FXCM Marketscope 2.0



— Written by Ilya Spivak, Currency Strategist for DailyFX.com



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Forex Strategy: GBP/USD Short Trade Setup Sought

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