Wednesday, July 31, 2013

GBP / USD UPDTAE: 31/07/2013. 13:02HRS

GBP / USD:

Price has tested the target level at 1.5185.

The low is showing at 1.5186 or 1 pip from the desired level.

Price has now bounced a little and is showing the first signs of being oversold.

I have therefore closed the position at 1.5220 for 140 pips or 2% profit.

This represents a risk reward of 4 - 1

Chart below:



I will update again when the next strategy trade has been identified.

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