I’m shorting the GBPUSD from the WR2/MCPP pivot point overlap. This level also coincides with the 618 Fib retracement from the 03AUG high to the low of 1.2860 last week.

2 thoughts on “GBPUSD Short 18AUG”

  1. Zelda says:

    Hi Adam, benefit of hindsight, as my internet connection has been terrible the last few weeks. Been following the cable, and thought of a trade similar to yours, but not entered because of poor internet connection. Just looked at it again, and has been back to retest the 1.317 level on the H1 chart now 4 -5 times, and stochastic not lining up – going down. Will look to enter a sell if the resistance holds No higher yet. Thanks for the trade plan as i am new, it helps when someone confirms what i was seeing.

    1. adamp says:

      Appreciate your comment Zelda, thank you. Nasty spike took me out unfortunately but will take another shot should we see a LH off 1.3170. Cheers

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