We have the stop set above the 78.6 retracement.
Unbiased Forex and Equity Swing Trades
Friday, July 26, 2013
SOLD GBP/USD
Mentioned a bit ago, I'm going ahead and selling GBP/USD @ 1.5387 with a stop-loss of 1.5587 which is rather wide for my trading style. Therefore, I recommend that you reduce your trading size to 1/4 of your normal position. Take profit levels are currently open so the risk/reward is 1.
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