short on GBP/USD

13 בספט׳ 2013

We've seen 3 cycles UP on the GU and a stop run to the highs during NY yesterday. Expecting a reversal down to 1.5610/1.5600 region. Entered short at 1.5814, with 30 pips sl & 210 pips tp. Risk/Reward is 1:7, so it's worth waiting and see if this trade will complete during the next 3-5 days.