Friday, January 29, 2010
I Moved GBP/USD Stop Down to 1.6185
The GBP/USD has broken out from consolidation to the downside, so I expect a sharp downward move now and a possible immediate retracement so I want to protect my position and lower my stop. I moved it to the last 1hr swing high at 1.6185. My entry was 1.6235 for this will lock in a 50 pip profit at the moment.
PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.