Could we see 1000 pips?

FX:GBPUSD   British Pound / U.S. Dollar
Yes if we went to an orchard.

On a more serious note YES we could see 1000 pips from this trade, I am expecting price to drop as yesterday we retested key resistance so next week we will be expecting to see bears take full control pushing price down with the occasional bullish bounce at key support levels marked by my purple boxes. I am expecting price to make maybe 30-50 pip bounces at these areas so i might even set some orders at these levels to catch these pullbacks.

So overall i am short in this position since yesterday and i am holding to enjoy the ride on the money train, destination moneyville.

I am happy to answer trading related questions so fire away.


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