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gbp

Trade of the day 20 Jul 2010: $GBPUSD short

by Gav Leave a Comment

This is a pretty straightforward trade. Looking at hourly chart, cable was coming to a resistance level and price rejections was observed. I went short around 1.5283 (though I wanted to get 1.53 as entry..but..anyway..). Two profit targets were achieved with last portion of position was closed at 1.517 level.  Potentially, cable might head to 1.51. Well, let’s see.

Here is the CHART!

Filed Under: Trading Journal Tagged With: FX, gbp, GBPUSD, trade of the day, Trading Journal

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