The relief rally last week in GBP/USD after the UK government made a policy u-turn on their proposed tax cut may be weaning after it hit a high at 1.1495 last Wednesday (Oct 5). If so, a selling opportunity may arise if there is a rebound from this morning low of 1.1058. The idea is to re-position shorts for another test of the year's low at 1.0359 and beyond.
#1 Sell Limit @ 1.1219. Target @ 1.0360. Order Filled Thu, Oct 13, 19:33pm. Closed Out Fri Oct 21, 15:521pm +$54.24
#2 Sell Limit @ 1.1257. TBA. Order Filled Thu, Oct 13, 19:37pm. Closed Out Fri Oct 21, 15:521pm +$146.00
All Stops @ 1.1390