FX:GBPUSD   British Pound/U.S. Dollar
7 months ago
I think the downtrend is finally over by breaking my trend line after 8 months of build up. The retracement is already done, this pair is ready to be bought.
Great ratio regardless of which TP your aiming for.
6 months ago
Comment: GBPUSD tested the trend line once again before heading up, am not expecting any more trend line tests but a slow gradual move to the upside.
6 months ago
Comment: 2nd break out, might retrace a little after this but many more up movement to come.
6 months ago
Comment: TP 1 reached and profits booked, will enter again after a nice retracement.
6 months ago
Comment: retracement almost done, will enter again after a nice bullish candles either on monday or tuesday.
6 months ago
Comment: entering again
6 months ago
Comment: 250 pips so far ;)
6 months ago
Comment:
snapshot
6 months ago
Trade active
6 months ago
Comment: buying more at this level
AndrewCapko
7 months ago
Looks good, going to check it. Thanks
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Tradesmanship PRO AndrewCapko
7 months ago
your welcome ;)
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And when do you think it'll be a "nice retracement" here (see your third comment)? Just curious :)
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Tradesmanship PRO TradingFellow
6 months ago
well I cant predict "when" it can happen, but normally after a big daily bullish candle, we should see at least 4-5 bearish candle in 4hr time frame or in worst case scenario a medium bearish candle in daily time frame.
one thing is for sure though, its definitely not wise to open any more longs at this stage because you can start seeing signs of exhaustion in 30mins and 1hr time frame. The exhaustion could also be temporary and market could rally again but this is not a risk I would take, I will update the comment box when I do enter the market again, but I have juiced this pair pretty nice for today and I rather wait for another great entry to present itself ;) happy pips !
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