Long GBPUSD @ 1.5237, SL 1.5190

9.33 bst

this pair is flirting with the hourly downtrend line and looks like about to bottom and turn. The system requires me to wait for the close of the candle but I am jumping the gun a bit after the better than expected UK jobs data.

Long $20/pip GBPUSD @ 1.5237, SL 1.5190

 

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2 thoughts on “Long GBPUSD @ 1.5237, SL 1.5190

  1. Jared

    i think long g/u is a good trade. i’m in at 1.52. i too entered somewhat prematurely. it got pushed down to 1.5190, which on the weekly was an obviously good entry point. oh well. here’s to pips!

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    1. ZenFXTrader

      Hi Jared, well I got out after the rapid drop from the spike high. The signal I was expecting to be generating was not validated. My system needs confirmation and I should not have jumped the gun. Poor trading this week! Hope you’re right and cable does climb from here, but it needs to confirm the support, which it hasn’t done yet.

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