After a lower high on the 4h timeframe I started to prefer the downside in GBPUSD. I entered short yesterday on a pullback from the 1.5651 minor swing low but got stopped out this morning. Even though the 1d timeframe shows a possible break of the bullish trendline after a failure on the upside at 1.6000 there is no lower high yet therefore the price action trend is still bullish. In this context my short entry was too early.
GBP/USD: short stopped out
This entry was posted on Tuesday, October 26th, 2010 at 7:43 am and tagged with GBPUSD, stoploss and posted in journal, trading note. You can follow any responses to this entry through the RSS 2.0 feed.
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