GBPUSD SHORT

9 giu 2014

GBPUSD traded into resistance on Friday and reversed. It’s also possible that GBPUSD made a major high in May. 12 month ATR fell to 2.82% in May. This indicator has registered such a low level on just a few occasions ever! The last time the reading was this low was in 2007. In fact, a combination of an ATR reading this low AND a monthly key reversal has only happened twice in the more than 40 year history of GBPUSD.
I could be short on trendline crossing with stoploss above thursday-friday high and target 1.6660