GBPUSD Back at Structure Short

British Pound/U.S. DollarFXCM

Description

⋅ Aug 5, 2014 12:03 AM

This is a trend continuation trade on the GBPUSD. We've made a serious down move off the weekly structure resistance area I outlined a couple weeks ago. There could be some additional downside and this gives me some excellent risk/reward

USD (US Dollar)jason_stapleton trend

Comments

Jason_Stapleton

⋅ Aug 9, 2014 3:42 PM

Ok for those of you who took advantage of this move we are well into profit. Consider moving up your stops to protect you from a loss. Stops to BE might be a good idea.

kenji

⋅ Aug 9, 2014 4:24 PM

cool, thanks jason. i had made profit out of your trade idea.

KamalFX

⋅ Apr 27, 2015 1:08 PM

Nice trade

verakas

⋅ Aug 9, 2014 4:35 PM

@Jason_Stapleton Do you know of any tutorial teaching how to apply cypher patterns? : )

Sandeep_Gupta

⋅ Aug 10, 2014 6:44 AM

Friend, you can subscribe Jason and Akil's youtube channels at youtube.com/channel/UCe3O5ZLxQzGz4-nfl6XLEHQ and youtube.com/channel/UCVveEks3MWZqOsvzTF_LGQg and watch previous and current videos. Not only cypher but also get many relevant vedeo.

verakas

⋅ Aug 11, 2014 11:57 AM

Thanks Sandeep_Gupta for your reply!

verakas

⋅ Aug 6, 2014 6:51 PM

Do you know of any tutorial teaching how to apply cypher patterns?

redric83

⋅ Aug 5, 2014 8:35 AM

Hey Jason, do you see the CBPUSD coming back down after that massive spike?

PavanKulkarni

⋅ Aug 5, 2014 8:47 AM

No..!! I personally don't think so (I got stopped out)....The pair will move up and test 1.70000... Lookout for the right shoulder formation at the level though for a bearish reversal pattern....