GBPUSD - Grexit Shark Completing around 1.4720?

19 May 2016

The Pound has been one of the most volatile currency pair for the year 2016.

Amidst this erratic movement, I still manage to see it respecting Harmonic movements.

Will be looking to short GBPUSD on a bearish shark completion around 1.4723.

Will adopt a bigger SL for this pair, around 127 pips of risk to capture about 300 pips of profits.

29 May 2016

İşlem aktif

Entered short at 1.4720. Leaving trade open.

Will look to TP around 1.4470.

If price retest 1.4720- 1.4730 it is still a short.

Trade is invalide only if it breaks above 1.4820.

1 Haz 2016

İşlem aktif

Secured half position of profits at 1.45. (+220 pips)

Leave 2nd half running with SL tightened to 1.47. (Minimum +20 pips)

4 Haz 2016

İşlem kapandı: hedefe ulaştı

1.4460 hit. TP on 2nd position.