IvanLabrie
Long

GBPUSD: Long against support

FX:GBPUSD   British Pound/U.S. Dollar
2 months ago
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.
2 months ago
Comment: (I'm long from 1.3174, I announced it in the 'Key Hidden Levels' chatroom earlier)
2 months ago
Trade closed manually: I prefer to shift my focus to oil, usdcad and audusd. GBPUSD didn't act so good today.
2 months ago
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.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
ruthrajamanie
2 months ago
i got in the trade today after bullish PA. looks promising. where's your stops lying on this trade if i may ask?
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IvanLabrie PRO ruthrajamanie
2 months ago
I moved it to 1.31384
+1 Reply
ruthrajamanie IvanLabrie
2 months ago
great!! mine is at 1.31320 just below the support. by the way, thank you for sharing your idea
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