The question that a trader should answer is not whether to go short of long, but rather to answer the question when to go short/long! One should give instructions such as: at time X, sell/buy pair Y, followed by at time X=Z close the previous position. Anything else is really not worth much to a trader.
Hey it is funny that you posted that. I just shorted the GBP and I decided to look here. I am short GBPM08 from 19666. Good luck.
Short if it breaks 1.9720/30 area decisively. That is, it breaks and stays below for 1-2 hours. Target 1.9330. Stop 1.9800
Short what? It'd be really cool if you referenced the pair in the title of the post or in the first post's txt rather than only on the graph. Make it interesting rather than ambiguous. Ambiguous should only be used for metrosexuals.