Sterling close...

Let's recap, at the start of the week I watched and got ready to enter a short on the GBPUSD - here is the chart - http://www.myfxbook.com/files/ajrchua/charts/GBPUSD_D1_F8a2F34sbQ.png of the start of the week.

My target exit was the 60 EMA and here we are today as I close my trade: http://www.myfxbook.com/files/ajrchua/charts/GBPUSD_D1_C3vzSdESAF.png.

I decided to take profits on both my trades after seeing the initial jobless claims to be worse than expected. I don't know whether there will be a reversal tomorrow but I intended to close by tomorrow morning even if it didn't hit my profit target points.

I believe there is still room for this swing to go lower but I did not want to lose profits so for now, closing the trade seems like a good option.

I'll grade this at the end of the week to see if my exit was good or could have been better if I waited till tomorrow.