GBPUSD Short Opportunity Short

British Pound/U.S. DollarFXCM

Description

⋅ Apr 18, 2017 5:32 PM

GBPUSD Just poked thru the 20 week High of 1.2775 Ill be looking closely for a reversal signal and position with a target of 1.2534 This is not an algo based trade.

Comment

⋅ Apr 18, 2017 5:45 PM

WOW..just shot up real fast and hit 1.29000....next major target UP is the 1.2950 area. That will be a area of interest for a Short...

Comment

⋅ Apr 18, 2017 5:49 PM

As an added BONUS..we just found out what happens when price pokes thru the 20 Week High...the Institutional traders BUY HARD & QUICK !!!

Comment

⋅ Apr 18, 2017 6:12 PM

Updated Chart - new area of interest for a Short Opportunity.

Trade active

⋅ Apr 19, 2017 5:26 PM

Just placed a Long position off the 20 week High bounce...target is the previous new high of 1.29000

Trade closed: target reached

⋅ Apr 20, 2017 3:06 PM

Just captured 60 pips of the 20 week high bounce. The previous short opportunities are still in play.

GBPUSD short

Comments

baqishirzadi

⋅ Apr 18, 2017 6:55 PM

Please tell us when retracement starts

piparmy

⋅ Apr 19, 2017 5:24 PM

@baqishirzadi, Hey Baq..i just place a Long position on the bounce off the 20 week high..target is the retest of the previous New High 1.29000

piparmy

⋅ Apr 20, 2017 3:01 PM

@baqishirzadi Hey Baq... Just captured 60 pips off the 20 week high bounce. Hope you got in on this move.

SamadeusM

⋅ Apr 18, 2017 6:14 PM

Looks like they are stil buying.. leaving open positions to 1.30 X

piparmy

⋅ Apr 18, 2017 6:26 PM

@SamadeusM, Yes, I def agree. That is an area it looks like it's shooting for... I can def taste those retracement pips.