To receive Ilya’s analysis directly via email, please SIGN UP HERE
Talking Points
- We sold GBP/USD at 1.6172 as prices fell having put in a Shooting Star candle, as expected
- The trade met our first target at 1.6063 (23.6% Fib); the next objective is 1.5941 (38.2% Fib)
- The stop-loss has been revised to trigger on a daily close above 1.6172
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya’s e-mail distribution list, please CLICK HERE
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed