MeetPips.com

I wasn't feeling so well yesterday so I decided not to trade first. I did see some good setups but I also had a tough time gauging market sentiment and whether there'd be reversals or not. So I decided to stay out for a while and just watch the price action instead.Good thing I stayed out of the markets because I was thinking of shorting GBPUSD at 1.5000. Looking at the chart below shows that it wasn't such a good idea. The pair found support at the bottom of the rising channel and went on to the top again. That's a 300 pip jump!