fxplan

Trade Plan: GBPUSD / Jan 08, 2016

GBPUSD: showing strong bearish momentum.

My view: RSI is in oversold, expect a bounce off the key support at 1.4570 is possibility, but will remain bearish as long as holds below 1.4950., break below 1.4570 could target 1.4200(2010 lows)

  • Original strategy : Sell @1.4735, SL @1.4770, TP @1.4600
  • New strategy :
    Plan A: Sell @ 1.4660, SL @1.4695, TP @1.4540 // remain bearish
    Plan B: Buy @ 1.4587, SL @1.4547, TP @1.4667 // expect a bounce off the key support

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