EverythingForex

TRDE UPDATE: GBPUSD: Time For A Retrace +312 pips

FX:GBPUSD   British Pound/U.S. Dollar
855 1 18
7 months ago
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:
TRADE ANALYSIS: GBPUSD: Time For A Retrace

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:
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7 months ago
Comment: Trade Closed. Total pips move from Entry to Exit = +260 pips
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bilk29
7 months ago
thank you.I am waiting to buy.
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