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GBPUSD 60 min.3 15 09

GBPUSD 60 min. 3 15 09

 

I wasn't expecting this trade to play out so soon, but it moved almost as soon as the market opened today, Sunday. My strategy was to short this if it broke the trendline making the 0.382 fib my target. This was a 60 minute chart, so it was a nice short term trade, and my week just started! I added confirmation to the short as I saw the Stochastics was showing divergence.

 

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Uploaded on April 22, 2010
Taken on April 21, 2010