Closed my GBPUSD short for a small profit friday.
Would be a loss currently.
I still want to sell the Pound based on it being Overbought.
We all know how we felt about the Yen Feb-Apr
Had very high velocity and ALOT of dip buyers at 83.5,83,82.5,82....expecting a quick flip to 85 and on to 90
Well i have a feeling GBPUSD may be a trade I ended to soon.
But I am now Short GBPAUD
It looks very overbought. My 1 hour chart is a line straight up.
So is the 4 hour
So is the daily.
A good entry for a carry. Its going to volatile.
Depending how long this trade lasts, I could hold this throughout 2012
Would be a loss currently.
I still want to sell the Pound based on it being Overbought.
We all know how we felt about the Yen Feb-Apr
Had very high velocity and ALOT of dip buyers at 83.5,83,82.5,82....expecting a quick flip to 85 and on to 90
Well i have a feeling GBPUSD may be a trade I ended to soon.
But I am now Short GBPAUD
It looks very overbought. My 1 hour chart is a line straight up.
So is the 4 hour
So is the daily.
A good entry for a carry. Its going to volatile.
Depending how long this trade lasts, I could hold this throughout 2012