GBPUSD Short
from The "Forex Morning Mayhem" Podcast Hosted by Bill Skrzypczak
Bill discussed a recent trade he made involving the pound and the U.S. dollar. He explained that the current swing was to the downside and that he went short during a pullback to overhead resistance. Bill set a stop loss but did not set a profit target, preferring to monitor the trade's progress over time. He mentioned a previous U.S. JPY trade that ran 175 pips as an example of letting a trade run if it shows potential. Bill concluded his update by stating he would check back on the trade after a few hours.
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