GBPUSD: Long against support

FX:GBPUSD   British Pound / U.S. Dollar
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.
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.
i got in the trade today after bullish PA. looks promising. where's your stops lying on this trade if i may ask?
IvanLabrie ruthrajamanie
I moved it to 1.31384
+1 Reply
ruthrajamanie IvanLabrie
great!! mine is at 1.31320 just below the support. by the way, thank you for sharing your idea
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