Quote: (02-08-2012 07:08 AM)Entropy Wrote:
for the GBP/USD the levels that i am watching are: 1.5929, 1.6084, 1.6064, 1.6463. Of course, i will be looking for the right confluence.
GBP/USD has dropped additional +80 PIPS in profit from 1.5877. And a total of +130 pips in profit from 1.5929.
I am closing this trade. It is approaching an area of bullish confluence. Risk/Reward = 1:3.2 or 3.2R. chart attached below:
P.S. i wasnt even looking at GBP/USD short until julio26 mentioned it in this post. Thanks, man.
. I entered a bit late...the confluence spot of 1.5929 would have been perfect, but, i enter anyways at 1.5877...risking -25 pips to make +80 pips. Once again, thanks julio26