Posts Tagged gbpusd consolidation

Big GBPUSD consolidation channel – went Long

Big GBPUSD consolidation channel - went Long

As you can see from teh chart, there has bene quite a long consolidation channel.. it's almost been 4 days since the market has been bouncing around 15200 and 15080. I had two lines, 15209 and 15083 and was looking to take a position if the market went beyond this range. The market did indeed break above my upper line and I went short with a stop at the bottom of the line, 15083 and a 100 pip limit. However, the immediate short term top was 15220 or so before the market fell.. it's current

July 6, 2010 No Comments Full Story