GBPUSD SELL 1.5650 – July 4, 2012

GBPUSD SELL 1.5599 – July 4, 2012

A Sell Signal for GBPUSD was issued at 1.5599 on July 4 with the emergence of a 4Hr MA Crossover and falling below the 1.5660 Macro Level implying the return of a bearish direction. Target 1 was 1.5620 / Target 2 was 1.5575 / Target 3 was 1.5375

gbpusd-07042012-sell-entry

gbpusd-07042012-sell-entry

 
The GBPUSD pair fell quickly after closing below the Macro Level and hit Target 1 at  1.5620

gbpusd-07042012-sell-target1

gbpusd-07042012-sell-target1

 

The pair then continued its desent and hit Target 2 at 1.5575 securing 75 pips.

gbpusd-07042012-sell-target2

gbpusd-07042012-sell-target2

 

After hitting the 2nd target and consolidating, the GBPUSD dropped again to just under 1.5500 before the MACD suggested an upswing and stopping out the trade at 1.5528

gbpusd-07042012-sell-target2b

gbpusd-07042012-sell-target2b

The trade generated 122 Pips, making it another successful trade using Traders Elite Forex Signals.

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