FOREXCOM:GBPUSD   British Pound / U.S. Dollar
It is a good time for a chart update here as we approach the first targets in the macro swing at 1.284. We traded live here on Tradingview in the related ideas (see attached) no less than 8 short entries in significant value areas for this swing (in the infamous loading zone). I would highly recommend those interested in swing trading to dig into the archives... it has been a superb move for the FX portfolios and live example of riding a +/- 500 tick swing (and counting) with zero drawdown.

To the downside we are entering in "waterfall mode" in the macro flows...whilst support is near at 1.281 - 1.277 it is not the time to start trying to jump in-front of the train as we are moving at full speed.

Those who are riding it, the next Medium term targets in the macro portfolios at 1.2660 whilst final Long term macro targets remain at 1.15. A break with conviction of the near-term support at 1.281 - 1.277 will unlock the doors for a very gloomy outlook in the Pound with a move back towards the 1.244 range lows within hours.

Well done and thanks for all the support with likes, comments and etc.

Comment: Eyes on 1.266 for CPI
Trade closed: target reached: First targets hit across medium term swings in the macro portfolio
Comment: For those holding... next targets come into play here:

Comment: 1.266 for the roll ... Eyes on the next targets

Related Ideas

Comments

nice analysis as always
+1 Reply
ridethepig qureshi009
@qureshi009, Thank you kind man
Reply
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