bradlaguna
Long

GBP/USD Reversal?

FX:GBPUSD   British Pound/U.S. Dollar
6 months ago
Observation:

1) There is a divergence between price and momentum .
2) The trend is still bearish .

Recommendation:

1) Long now on a small position and add on if/when the trend reverses.
2) If you are using Ichimoku , add more to your position when the TS             crosses the KS, when the KS turns upward, and when the price closes above the cloud.
3) Set tight stops and adjust it when profiting.

Thanks and happy trading!
6 months ago
Comment: Sticking to the trade. The stop has not yet been reached (which is set just below the most recent low).
6 months ago
Comment: Trade is stopped out. Trend continues to be bearish.
6 months ago
Comment: I'm gonna continue to monitor this pair and possibly go long again once there are more signs of reversal. But going to leave it alone for now.

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