IvanLabrie
Short

GBPUSD: Quarterly downtrend

FX:GBPUSD   British Pound / U.S. Dollar
1092 views
44
1092 9
This is a chart mostly meant for analysis and forecasting, but you could also look to trade it using ETF options, for example selling calls/puts, or if trading the monthly, you could go with a 374 or 400 pip stop.
The risk vs reward is really high, even if you do use this stop loss size.

It's not meant for anyone, mostly an investor or longer term trader would take it at least.
In my opinion, it's likely to get very good short trades in lower timeframes, whenever the 4h, daily or weekly would align with this forecast's direction. A compass of sorts.

For more information and insights into managing this position, scaling in, and understanding the logic behind the technical setups contact me via pm. I'm currently hosting a skype group, where I share trade setups and also provide traders with training, as well as 2 private webinars per week, and also giving tutoring via skype calls, on a one on one basis.

Cheers,

Ivan Labrie
Time at Mode FX
Comment: We can obtain a weekly entry into this trend after the close.

Comment:
Trade active:
Comment: On track.
Comment: En route.
Comment: No change to forecast.
Comment: Good chance to add to shorts, stops at 1.4733
Comment: No doubt that we will hit targets for now...
Comment: What a visionary huh?
Beautiful trade setup !!
+1 Reply
Thanks, the stop is really wide for a monthly trade, but it's a long term position.
The idea is to serve as a guide for shorter term trades too.
Reply
Great call on this Ivan!!! I've been watching the Pound as a great proxy to short GbpJpy.
Reply
IvanLabrie coondawg71
Thanks.
Rarely do things trend in FX, and rarely do they confirm a quarterly trend using time at mode.
It's a good guide, just sell any rally in gbp crosses. :)

Cheers!
Reply
coondawg71 IvanLabrie
yeah, Brexit theme seems to be taking a firmer line south. Pound could drop quite a lot.
+1 Reply
well done !
Reply
In this w/ you, Coach. Hopefully we make loads of cash for Christmas ^_|^
Reply
going down..!
Reply
It's a very strong downtrend, quarterly scale.
Unless gbp manages to climb above the blue line, it's heading down.
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out