Pound/Gold: Up we go
I really like how washed out this pair is. Sentiment was absolutely extreme for both instruments, giving way to a gigantic reaction after hitting rock bottom here.
I reccomend being long the Pound, and short Gold overall, one way of doing it is perhaps selling FXB puts at the money, on top of any FX trade that you might want to take. Perhaps you can opt for a pair trade, and adjust size based on volatility, unless your trading platform has a gold/pound pair you can directly trade, in which case, go long with a stop under the low, plain and simple. If you have questions on how to trade it pm me.
Check out my updated track record here: pastebin.com/6CyyqnPT
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.57% on such information.
I reccomend being long the Pound, and short Gold overall, one way of doing it is perhaps selling FXB puts at the money, on top of any FX trade that you might want to take. Perhaps you can opt for a pair trade, and adjust size based on volatility, unless your trading platform has a gold/pound pair you can directly trade, in which case, go long with a stop under the low, plain and simple. If you have questions on how to trade it pm me.
Check out my updated track record here: pastebin.com/6CyyqnPT
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.57% on such information.
Comment:
Cha-ching.
Comment:
Absolutely explosive, and right above the biggest resistance now.
Trade closed manually:
Booking partial profits isn't a bad idea (or the whole thing)
Comment:
"2 days ago
Trade closed manually. Booking partial profits isn't a bad idea (or the whole thing)"
Indeed!
Trade closed manually. Booking partial profits isn't a bad idea (or the whole thing)"
Indeed!
There you go.