FX:GBPUSD   British Pound/U.S. Dollar
62 13 0
The uptrend is intact and nothing happened so far. So let's think that this was ahealthy correction which can be bought now.
ForceFollower
2 years ago
I'm not very sure about the situation in this pair, but I'm afraid it's not done falling yet. First support to be tested is at 1.6444444.
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Peter128
2 years ago
Up trend started in July 2013 is still in place until break of 1.6300. The current countertrend started on February 17 @ 1.6800 is exhausting... Low RSI, Low Stochastic RSI, Extreme Low CCI.
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motleifaul
2 years ago
It's teatime! I am taking the first half of the position out of the market and the good profit into my pocket.
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ForceFollower motleifaul
2 years ago
Well done! :-)
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Peter128 motleifaul
2 years ago
Yes. Good idea. Still 80 pips to go for oversold zone.
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Peter128 Peter128
2 years ago
overbought zone. sorry :-)
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motleifaul Peter128
2 years ago
Thank you for the support.
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Peter128 motleifaul
2 years ago
My pleasure. I posted similar idea together with yours.
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motleifaul Peter128
2 years ago
Yes, I saw it, however you wanted to waint until the breakout of the CCI. This has not occured yet. But if you missed the entry it is not to late, however. A chance of another entry would be given on a retracement for instance at 1,6575.
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Peter128 motleifaul
2 years ago
Yes. Right. Breakout CCI -100 happened the next day... So... I have my 150 pips.
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motleifaul Peter128
2 years ago
I see, I had misunderstood you. I thought on +100. This would have been a bit late. So, congratulation!
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Peter128 motleifaul
2 years ago
Yes. I see. I was not correct in my posting.
I use breakout CCI -100 for long and breakout CCI 100 for short. Works best on end of the countertrend.
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motleifaul
2 years ago
Done! I am taking the remaining profit now. The rate in currently running within a triangle and I will take a new position when there was a breakout only.
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