We can go long GBPUSD here. Sentiment is at a bearish extreme and I don't think we'll see follow through to the downside when oil, the yen and other dollar pairs are stuck in a triangle (due to market awaiting FOMC outcome).
Stop should be below 1.3128.
I'm risking half on this and the AUDUSD long (see related ideas), while I hold my SPX short from 2187.5 (covered half today at 2133.4, my stop was 2194.6, and I took a NAS100 long that you can see in related ideas, which also is related to these fundamental and sentiment developments)
Good luck,
Ivan Labrie.
Stop should be below 1.3128.
I'm risking half on this and the AUDUSD long (see related ideas), while I hold my SPX short from 2187.5 (covered half today at 2133.4, my stop was 2194.6, and I took a NAS100 long that you can see in related ideas, which also is related to these fundamental and sentiment developments)
Good luck,
Ivan Labrie.
Comment:
(I'm long from 1.3174, I announced it in the 'Key Hidden Levels' chatroom earlier)
Trade closed manually:
I prefer to shift my focus to oil, usdcad and audusd. GBPUSD didn't act so good today.
Comment:
Talk about a timely exit!
We have to wait now, for dust to settle, the long side remains viable (similar to EURUSD) but I'd rather trade the Euro this time.
We have to wait now, for dust to settle, the long side remains viable (similar to EURUSD) but I'd rather trade the Euro this time.
