« Possible Head and Shoulders Pattern in GBP/USD? | Home | GBP/USD Short Looking Good! »
Trade triggered!
By Mike Conlon | August 25, 2009
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.
Tags: dow, gbp, Il, mike, Mike Conlon, pair, short, ssi, trade, USD
Topics: What To Look At In The Market | No Comments »