Saturday, September 26, 2009

British Pound: sell signal triggered



In a previous post, I mentioned that I was closely watching a potential sell signal in the British Pound.
This signal occurred last Friday. GBP/USD is now below 1.6000. Last price on Friday evening is 1.5952.
I entered in a short GBP/USD position on the Forex at 1.5983 on Friday morning. The next support is around 1.5200, giving us a potential 800 pips profit on this trade!
My stop loss is above 1.6050.

You can also do this trade by shorting the ETF called Currency Shares British Pound Sterling trust (ticker: FXB; listed on the NYSE).
Posted by Goldstream Capital at 18:44
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3 comments:

  1. AnonymousThursday, October 08, 2009 7:10:00 PM

    Hello Blastradius


    [ ... ]

    This signal occurred last Friday. GBP/USD is now below 1.6000. Last price on Friday evening is 1.5952.


    [ ... ]
    My stop loss is above 1.6050.

    [ ... ]


    Are you out of this position now or are you waiting the end of the session ?


    Thank you

    ReplyDelete
  2. Goldstream CapitalThursday, October 08, 2009 7:48:00 PM

    indeed: stop loss triggered at 1.6050

    ReplyDelete
  3. Goldstream CapitalThursday, October 08, 2009 8:05:00 PM

    reentering a short line in GBP/USD at 1.6095

    ReplyDelete

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