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I just went short in GBP/USD and I am now out of the trade due to news coming out in 10 minutes.
I went short at 2.0219 and the price has reached 2.0202. I am out of the trades with my desired profit now.
My reasons for this are we are coming up to the news and the forecasted numbers are all up for the USD. I NEVER rely on forecasted numbers, but in this case they do support my idea and are across board so to speak.
Placing these shorts amidst bullishness can be nervewracking so you’ve got to really know what your doing and be very patient to wait for the right signal.
Also a technical high on the 1 hour and 15 minute & half hour chart (my members will know exactly what I’m on about there) - so it was a guaranteed (yes I did say that).
This is true scalping where you take 10-15 pips out of the market fast with confidence and without having to concern about only 1 or 2 pips.
Happy Pip Hunting,
Sam
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