Thursday, 17 September 2009

Trade triggered!

Well it looks like we didn’t have to wait very long for that possible GBP/USD H&S pattern to trigger a short sale. (See below) We are short this pair and looking for a major push down in the next day or two. Our stop is placed just above 1.66 (above the top of the right hand shoulder) and we’ll be trailing the stop. Check back in to see the progress of this trade.

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