Wednesday 4 June 2014

Forex : 4th June : Short GBPUSD

Can we have our cake and eat it too?  We still hold a long Call position in this pair but now the physical chart tells me to sell.  There isn't much to do with the call - it's practically worthless and expiry looms so I will leave that in place and short the physical at 1.6745 with , initially, a 90 pip stop and 270 pip target

Disclaimer
I am not a financial adviser.  These are paper trades.  I am not suggesting you follow these signals.  If you take any action based on my blog you do so at your own risk.

No comments:

Post a Comment