I missed a Bob Iaccino trade because the 4 Hour chart broke when I was sleeping. His firm shorted the Sterling/USD at 162.74. Their targets are 161.46 and 160.54. The pair is now trading at 161.80, but it would be dumb to chase 4o pips here, so I will wait for a retracement back up to their original entry point.
This is a very volatile pair, so one must be careful (clicking on the chart gives you a clearer view):
This is a very volatile pair, so one must be careful (clicking on the chart gives you a clearer view):
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