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Shorting the GBP/USD

InvestorsEd
Apr 07 2017 at 11:03
8 posts
Is anyone shorting the GBP/USD other then me? Just curious

Better to lose less then to make more
InvestorsEd
Apr 09 2017 at 06:31
8 posts
Cashing out with 150 pips have a great weekend all!

Better to lose less then to make more
mlawson71
Apr 09 2017 at 11:00
1487 posts
InvestorsEd posted:
Is anyone shorting the GBP/USD other then me? Just curious


I shorted on Friday and closed it after about 50 pips butt hat was about it.

InvestorsEd
Apr 09 2017 at 14:50
8 posts
Good for you. I think my next trade is going to be AUD/USD. I want to short it after this next pull back.

Better to lose less then to make more
ChangGoh
Apr 10 2017 at 06:58
36 posts
The Sterling has started the week on a string footing, now pushing GBP/USD to the area of daily highs near 1.2390.

Currently, GBP/USD is trading at 1.2390, up +0.15%, having posted a daily high at 1.2393 and low at 1.2351.

Brexit negotiations could weigh on cable.

To know the stop loss and target price of the forex pairs visit https://www.mmfsolutions.sg



mlawson71
Apr 10 2017 at 10:40
1487 posts
InvestorsEd posted:
Good for you. I think my next trade is going to be AUD/USD. I want to short it after this next pull back.


AUD/USD seems a little oversold to me at the moment, but who knows, after a pullback it may be less risky to short.

BaldoN (BaldoN)
Apr 12 2017 at 10:28
522 posts
Hello,
It look like GBP/USD made a fake breakout up to 1.2520 and turns back to 1.2495. This may open a way for USD rising down to 1.2460 in short term.

InvestorsEd
Apr 13 2017 at 06:38
8 posts
It looks like my AUD/USD short is taking shape

Better to lose less then to make more
ChangGoh
Apr 13 2017 at 06:51
36 posts
The GBP/USD pair is on a four-day winning spree, now extending its bullish run towards 1.2600 levels amid renewed broad USD weakness, as the treasury yields continue to tumble in response to fading Trump trade.

GBP/USD Levels to consider
The immediate resistance for the pair could be seen at 1.2595 (Classic R2/ Fib R3) followed by 1.2615 (Mar 27 high) and 1.2700 (zero figure). To the downside, supports are aligned at 1.2500 (psychological level), 1.2481/77 (20 & 5-DMA) and 1.2464/50 (10-DMA/psychological level).

TREND INDEX:
Bearish

AVG SELL PRICE:
1.2448

AVG BUY PRICE:
1.2377

To know the stop loss and target price of forex pairs visit https://www.mmfsolutions.sg


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mlawson71
Apr 17 2017 at 11:43
1487 posts
I feel like there's no point in opening any positions right now, the market is asleep.

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