That's better....I can see bigger picture of 1H GBP/USD.
Meanwhile...I also short sell the GBP/USD pair at 1.6356. I know it's a bad figure...but I just got 30 dollars from instaforex for free with 1:1000 leverage without any deposit! yeay!!
But don't put your live account there...this is my personal opinion. I think, as a broker they are a bit dodgy to me...well some other time with the story...
Anyway...I short sell the pari at 1.6356. Because it tested 1.6400 as its resistance but couldn't pass it. And I think it may goes back to 61.8 or 50% of fibonnaci retracement. All the indicator are showing this signal too, not confirmed yet, but it might be a good short sell opportunity.
I put my stop loss 50pips above the entry and exit target around those fibonnaci retracement level.
Both of my trades were set during the night hour of US market and London will be open in a couple of hour. I know it's very thin market at the moment, but always manage your trading after seeing the entry signals.
I think the price may go down to 61.8 fibo's retracement, IF and only IF it's break that level, it may go sideways between 61.8 and 50 fibo's retracement levels.
Again, those are only my opinions...so Good luck and don't blow up!!
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