Rising Wedge Broken on the GBPUSD Short

BRITISH POUND / U.S. DOLLARICE

Description

⋅ Jan 26, 2017 6:26 AM

One can short FX:GBPUSD below 1.2647 where it has broken the Rising Wedge.

Target at previous support levels, i.e. 1.2605

Stop at 1.2670

⋅ Jan 26, 2017 6:29 AM

⋅ Jan 26, 2017 11:21 AM

Stop triggered and the price moved down to hit target. Will work on better stop placements next time :)