IvanLabrie
Long

GBPUSD: bullish setup update

FX:GBPUSD   British Pound / U.S. Dollar
We have a very good bullish setup that just confirmed.
The daily corrective downtrend has expired, and there's a 15 day rally forecast currently active.
Stop loss should be below the 1.5328 mark, and an entry on a retracement would be ideal.

Looking to market buy asap             , but ideally a retracement into the green zone would be better, with a tight stop at 1.53775.
If we move above the quarterly mode at 1.5918, we can be sure of further bullish continuation as a distinct possibility.

Good luck,

Ivan.
Time about to expire and no rally.
Looks grim. Unless we see a strong range expansion day come out of nowhere I'd be tempted to go short.
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Looks like we might hit it in time.

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HiTech IvanLabrie
tomorrow loads of news on EUR, should drop GBP as well, but as your target is not that far, could be reached first
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HiTech HiTech
oops didn't see your target is so large... hhhh at the moment seems unlikely to be reached before the double bottom near 1.53
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Double bottom, not something I see as possible here.
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HiTech IvanLabrie
Ivan, you are still bullish?
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longer term yes.
I couldn't manage to post my updates, was managing 6 15m/1h trades.
I sold *usd pairs today, made 1.25% and now risk free in most.
Holding NZDUSD and gold shorts in full though. (still short USDSGD)
Looking to go long EURUSD again soon, waiting now. Shorted that jobs blast.
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I am with you now, trend up confirmed according to my analysis
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i see upside limited, longterm weak, heading sub 1.45 levels
+1 Reply
IvanLabrie look4edge
Ultimately, but who trades in that tf?
Not me...I see the move up, as a C wave completing the first impulsive leg right after that huge decline in 2008.
But not that important to be right in that timespan for me.
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