Tuesday, May 6, 2008

GBPUSD 4hr trendline bounce

Missed this bounce trade by 3 pips.  We were salivating watching this setup.  4hr trendlines like this don’t come by every day so when they do you need to hit them.  our reason for waiting out until touching was the very bearish GBP news previous to this move down.  We grabbed 14 pips in the middle of the news move and waited after touching a 1hr trendline.

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