Well, after I posted that there have been no signals on shorter-term charts, my strategy gave a couple of signals last night. 🙂 Even though the current trade shorting the GBP/USD on the 1hr is still intact, some shorter timeframes gave divergent trade signals last night. Just a warning, that this is a short-term trade idea on the GBP/USD against the current trend, which should last 1-4 days:

Long on the GBP/USD @ 1.5826 (current price)

Stop: 1.5800 (26 PIP stop)

Limit: 1.5900

Therefore, this is a 75 PIP trade risking 26 PIPs.

Happy trading,

LattePIPs