UPDATE on the GBPUSD buy Long

British Pound/U.S. DollarFXCM

Description

⋅ Sep 8, 2015 3:44 PM

We took the buy on the break out as we were looking for it since last week .
If it consolidates here i will be adding on the breakout .

Trade with care

Comments

Cazzie

⋅ Sep 10, 2015 10:43 AM

may just be taking a little dip for now.

EverythingForex

⋅ Sep 8, 2015 4:21 PM

Good one, Anil!

Cazzie

⋅ Sep 10, 2015 11:55 AM

Didn't think it would be very bullish, even with the news event

alr14uk

⋅ Sep 10, 2015 11:57 AM

I'm really enjoying this volatility and learning a lot... Like when NOT to trade! I'm always a bit puzzled how to read spikes like that though...

alr14uk

⋅ Sep 10, 2015 11:58 AM

The news wasn't earth shattering, so I was actually surprised it jumped as far as it did.

alr14uk

⋅ Sep 10, 2015 10:23 AM

Consolidation completed? Next leg up commencing?

anilmangal

⋅ Sep 10, 2015 10:48 AM

too early for a break, and news out now

alr14uk

⋅ Sep 10, 2015 11:08 AM

Still not pulled the trigger on the next trade, but the direction of the news seems to point in the right direction!

alr14uk

⋅ Sep 10, 2015 11:09 AM

Be interesting to see the US news at 1330 my time...

Happy69

⋅ Sep 8, 2015 10:44 PM

Thks Anil, yes about to add, on b/o been in since 1.5186, getting more consistent.