GBPUSD: flipped to long

8.33 gmt

Cable was behaving very bullish and in retrospect I think I should have cut the short earlier, but I decided to stay with my system rules and wait till it decisively generated a signal. My reading of the British economy is that it is definitely showing strength and should be very supportive of a stronger pound.

Here’s the transaction:

Closed GBPUSD short at 1.5489, -29 pips.

New long $4/pip GBPUSD at 1.5489, SL 1.5439.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s