TRDE UPDATE: GBPUSD: Time For A Retrace +312 pips
Congrats to all who listened to me and sold GBPUSD. It has since dropped over +300 pips since I made that post. But it is just about reached my profit target. Taking profits now would be fine although it may continue to drop more.
Seven days ago, I posted this about GBPUSD:
Since I posted that chart, prices have since dropped over +300 pips. And it has already entered into my "critical zone" that I had marked. Will it continue to drop more? It could. but this retrace wave (4) is most likely reaching its end soon. When it does, I will be expecting a MAJOR reversal to occur. But for now, that isn't about to happen yet.
When it is time and I see the needed signals for a reversal to occur, I'll be taking a LONG trade and you can be sure that my subscribers will be the first to know about it and we will be making more pips on this pair.
*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.
If you desire to receive ALL my analysis on pairs I trade and cover as well as REAL-TIME trade signals, consider joining my private group and my members. You'll get REAL-TIME trade signals and analysis as the trade happens and discussions those trades live. Interested? Go to efxselect.com to subscribe and get these signals in REAL-TIME!
Faceb00k: goo.gl/Mb81w7
Website: www.efxselect.com to subscribe
Seven days ago, I posted this about GBPUSD:
Since I posted that chart, prices have since dropped over +300 pips. And it has already entered into my "critical zone" that I had marked. Will it continue to drop more? It could. but this retrace wave (4) is most likely reaching its end soon. When it does, I will be expecting a MAJOR reversal to occur. But for now, that isn't about to happen yet.
When it is time and I see the needed signals for a reversal to occur, I'll be taking a LONG trade and you can be sure that my subscribers will be the first to know about it and we will be making more pips on this pair.
*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.
If you desire to receive ALL my analysis on pairs I trade and cover as well as REAL-TIME trade signals, consider joining my private group and my members. You'll get REAL-TIME trade signals and analysis as the trade happens and discussions those trades live. Interested? Go to efxselect.com to subscribe and get these signals in REAL-TIME!
Faceb00k: goo.gl/Mb81w7
Website: www.efxselect.com to subscribe
Comment:
Trade Closed. Total pips move from Entry to Exit = +260 pips
SPECIAL Report on the S&P 500. Read it here. It's FREE: bit.ly/2KGJ409spx818
Mailing list: bit.ly/2iNieEY
Facebook Group: www.facebook.com/efxselect
Twitter: @andrewefxselect
Website: www.efxselect.com
Mailing list: bit.ly/2iNieEY
Facebook Group: www.facebook.com/efxselect
Twitter: @andrewefxselect
Website: www.efxselect.com
