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.