GBPUSD Projections. next moves

14 mars 2017

-short term long played out nicely
-gu new low has been made.
- GBP uncertainty and Dollar strength
- im going to wait for a retrace first ive placed a a sell order at 0.382 will ride it down to the monthly support zone at which point the DXY will be at its peak in a double top (see related)
- This is my buy zone. i'm going in for a long term long at this point.

14 mars 2017

Transaction en cours

order filled

15 mars 2017

Note

1st long stopped out. I did actually move it higher last night to 1.2252 but it still got stopped out.

In hindsight, the short was ill placed. my expectation of it not retracing back to 0.236 fib level was a bad assumption. The stochastic should have been an indicator to me, of a stronger upward momentum potential. entry should have been at this fib level not the stop loss.

Still have the long waiting.