Tuesday, 24 March 2015

Forex Live Trading Room 2015 03 24 GBPUSD +7 and +24 pips

The New York session was again action packed with Kash taking multiple trades. The trade that stood out was the a short GBPUSD (cable) trade. Cable had had an up and down day but had found support around 1.4900. However, in the aftermath of the US inflation figure cable broke through the support. Kash watch for it to come back to close to the previous support level in the 1.4890’s and using the bases that support becomes resistance went short on cable. The trade was very profitable bringing in +7 and +24 pips

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