Shorted GBPUSD @1.5788 this is a breakout-pullback trend continuation setup on daily chart. Will add more position if price breaks the daily close.
Edited January 25, 2013 at 10:06AM PST:
Price movement is showing a bit of resiliency last night as the bulls are trying to give a show we will see if the previous trend prevails. The solid light blue is the wall to break and then another one awaits ahead while these layers of resistance looks promising for the bears the market is always right so if for whatever reason the market turns we have to follow it and forget the ego, reasons, or anything just follow.
Edited January 28, 2013 at 10:38PM PST:
Closed my short trade @1.5705 for a gain of +25 don't like the sellers rejection as price gets near a known support line.
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