Ice_
Long

Upside potential on GBPUSD.

FX:GBPUSD   British Pound/U.S. Dollar
First big lot trading has been some time. I'd say the odds are 70/30.

Forex is risky, beware of consequences if you trade on other people's ideas.
Hi there, I would wait a bit before going long. Here's my post and graph.
Break and trend ?
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Ice_ IanMFX
Sadly I already closed the position. I disliked that price squeeze.
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GBPUSD has been touching 1.567 eight times, two times were a brief break and then a pullback. I still think my short is valid although today will probably be the last day to keep it open.

I disagree with your sharp trend you drew inside the channel. It has been pretty range bound the past week so I don't think it will follow an up trajectory. That being said there is some data coming out today so it might change.

snapshot
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asiansupermarket asiansupermarket
and heres with new data

snapshot
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asiansupermarket asiansupermarket
oops...

snapshot
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Ice_ asiansupermarket
Yeah, it's going down now. It'd wait for the bulls buy the dip, so I'm no hurry. My stop and risk is measured.
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Ice_ asiansupermarket
The price squeeze made me get out. Didn't like it. 15 pips profit
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yep my trail got hit before the big push up.
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