Second half stopped-out at breakeven. I am still bullish for this pair and will re-renter once a setup appears.
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January 31, 2013 5:30pm (Manila)
Limit 1 is hit yielding +38 pips. Second half stop is moved to breakeven.
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January 30, 2013 8:33pm (Manila)
BUY GBP/USD @ 1.5784
Stop - 1.5668
Limit 1 - 1.5822
Limit 2 - 1.5889
In my previous post, I mentioned that I am looking to enter this pair. Tomorrow, a few (though not highly significant for the Cable) will come out expected to print with numbers positive for the Pound. This, along with the pair's position in the daily and hourly charts, might be the start of a reversal for the Pound which has been hammered for the better part of this month.
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