Considering GBPUSD Short

British Pound is looking soggy and if it can't throw 1.5200 out then the test of 1.5000 is coming sooner. There are two ways to implement the trade. One way is to short it near 1.5200 with tight stop above and another is to put on a position between 1.5200 and 1.5250. Right now we are considering the former option unless pound jumps directly near 1.5250.

Operación cerrada manualmente:

Got out of short trade with few pips in profit during CPI release. Now waiting for 1.5250 to see how that works !!

Operación activa:

Second attempt to short GBP is kind of partially successful. Partially because only one leg of the trade got filled :( as it never went above 1.5250. Still 30 pip profit in 30 min is not bad. Keeping the remaining position still on with stop above 1.5225.