IvanLabrie
Short

GBPUSD: Potential weekly downtrend spotted

FX:GBPUSD   British Pound/U.S. Dollar
a year ago
We have an interesting trade setting up in GBPUSD             .
The time at mode signal points to an intermediate term decline to 1.4222, that can extend to 1.39366.
What's interesting about it is that the resistance above very strong and that the signal generates close to the expected Fed rate hike week. I think we might get a fill this week, and if the trade works, it will be a very sharp selloff.

For assistance managing positions and entering without having to do the work, you can check out my Zulutrade page in my profile, I'll be sending trades through it from now on for convenience. Seems like a fair way for people to follow my trades without being forced to pay a fixed monthly fee (which only benefits the trader, who doesn't need to even profit from trades to make money! -red flag-).

Follow me on twitter, I'll update charts here but not with trade management and trailing suggestions like before (I do need to pay bills             :) ) Check out my recent TLT             trade for an example of trade management. We will have few trades, but good ones if all goes as expected, the sharp selloff in the S&P500             was the start of a new trending enviroment possibly, and if that's the case, we can expect to see strong volatility, and sharp and wide trending legs for us to take.

Cheers!
Ivan.
a year ago
Trade closed: target reached: Target 1 exceeded, can hold it with break even stop if in.
10 months ago
Comment: ...
10 months ago
Trade active
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
Yep.. Agree. Although I do not think it will create lower low just yet
+1 Reply
IvanLabrie PRO themarketzone
a year ago
Weekly trade, needs to head up to my entry first.
The correction from the first move down can take up to 2-3 weeks :)
I'll watch it and pull the trigger at the very top, if I'm right it won't retest this zone and just head lower and lower progressively, with plenty of pullbacks to sell again in lower timeframes.
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ZubairJadran
a year ago
snapshot
I Think Trend is Up
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IvanLabrie PRO ZubairJadran
a year ago
I don't base trading decisions on channels, for me the trend was sideways, before resuming the longer term downward direction, which is what I think is happening now.
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themarketzone PRO ZubairJadran
a year ago
I understand the channel, but as long as GBPUSD stays below the bottom of your mid channel, I think it's wild shot to assume GBPUSD will reach 1.6 on its first bullish wave (as you show in your chart. Unless you think that they'll raise rate soon. ...
Pre-Rate analysis (re-posted)
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IvanLabrie PRO themarketzone
a year ago
exactly. a very long shot.
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mkdeep04
a year ago
ivan with u on gu tgt 1.39 or less.. any down from here 5200/50 need to watch PA....let c
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IvanLabrie PRO mkdeep04
a year ago
I'll wait for it to move to my entry zone, if not I'll have to use a different strategy. This one's optimal right now.
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snapshot
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I entered a short term long position to capture the pips between here and my short entry.
Let's see how it goes. Can be a nice long trade too.
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Very close to get out fill here.
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moneymaking
a year ago
Nice one mate, fits in perfectly with my time cycle analysis :)

GBPUSD: LONG TERM OUTLOOK USING TIME CYCLES ON WEEKLY CHART !!!
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Target #1 was an easy hit, if it breaks past the swing low to the left we might see a very sharp selloff.
+1 Reply
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