Potential GBPUSD Trade

٣١ مارس ٢٠١٤

Waiting for a bounce or break of the red trendline. depending on the scenario I ll go long or short, if a bounce occurs I'll be looking for a potential break of the rising lower trendline for a short. If a break occurs I ll be looking for a retracement back to the red trendline for a long position. This trade should materialise hopefully by wednesday. I ll also incorporate divergence to further buttress my position. Please follow me on twitter olatrading and check my blog at olatrading.wordpress.com

Update:

I am currently in this trade with an entry OF 1.66156. i see GU pushing higher to the upper TL and possibly breaking it.

SL 1.65543
TP is moving according to trading conditions