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.

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Ivan Labrie

Link to Tim West's chatroom:
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.

There you go.
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)"

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