GBPUSD SELL 1.5646 – July 18, 2012

GBPUSD SELL 1.5646 – July 18, 2012

A Sell Signal for GBPUSD was issued at 1.5646 on July 18 after a double-top Macro Level Resistance at 1.5660 implying a potential downswing.

Target 1 was 1.5600 / Target 2 was 1.5535 / Target 3 was 1.5355

gbpusd-sell-18072012-entry

gbpusd-sell-18072012-entry

 
The NZDUSD fell quickly and hit Target 1 at 1.5600

gbpusd-sell-18072012-target1

gbpusd-sell-18072012-target1

The NZDUSD pair continued to fall past the 1st target hitting  Target 2 at 1.5535

gbpusd-sell-18072012-target2

gbpusd-sell-18072012-target2

The trade generated 111 Pips, making it another successful trade using Traders Elite Forex Signals.

This post is a summary of a trade Traders Elite issued and is for educational purposes only.

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