Gbp/usd

F

ForexPro

Who thinks this it is a long here?

My view is:

1. Double 2 day low at 1.7375
2. 3 pushes lower with bullish divergence
3. Seems oversold on an hourly/daily horizon fallen 500 pips recently.

I think long 1.7405 sl 1.736 tp 1.749
 
What are you talking about?

First you say it's a good place to go long. Then you post you went short. Now you're posting a pair that's not GBP/USD.
 
Original post was:

Long 1.7405 - profit taken 1.7505 (with dip-buying possibilities on next trade).
However, seeing the 100 pip retracement/rejection from 1.7578, i have gone short 1.7480 for a profit target of 1.7375.

Sorry, if not clear.
 
I put the decimal in the wrong place. What r ur thoughts?
Quite a wild day. You've got to change your opinion in an instant.
 
My thoughts? On this pair at the moment, as in the EUR/USD and other similar moving pairs, I have but one thought:

"stand aside"
 
I think the Eur/USd is a very good short here too, probably better than the GBP. But they'll go down in tandem. Looking for a 1.19 break to the 1.1870 level. Perhaps with a 1.196 stop loss, in case i'm wrong.
 
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