Forex Strategy: GBP/USD Short Position Triggered
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices turned lower as expected after showing Shooting Star candle, negative RSI divergence
- A break of trend line support has triggered a short trade from here (1.6172)
- Initial target at 1.6063 (23.6% Fib); stop-loss activated on a daily close above 1.6259
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.