#GBPUSD Hedging

Two trade opportunities can present themselves at rather the same time but in opposite directions.

This was the case today with cable. 

A SHORT position should/could be established at the third touch on the upper trendline of a tentative descending channel than can be seen on the 240 min chart.

On the other hand,a LONG, pullback entry, could have been established during the NY session towards.

This provided for a good hedging strategy, especially when the players are ins stops hunting mode.

The short entry based on the TL touch.

The long entry based on the intraday pullback towards the short term trend.