GBPUSD: Could be the time to short

FX:GBPUSD   British Pound / U.S. Dollar
1051 34 6
Update: Closed my short at 1.6500
Profit(pips)= +75x2 = +150
Accumulated profit(pips) = +2452

Expectations for a close interest rate hike was dampened today as BOE Head carney signaled no need for a rate hike anytime soon in an interview during the world economic forum. Meanwhile, the recent decline in inflation figures as i mentioned in my previous post supports the idea of unfolding of long positions and a correctional move. Price also fails to settle above 1.6500 mark on a weekly closing basis.

Trade number: 67
Accumulated profit/loss (pips) = 2472

Pre-trade stats:
Number of trades:67
Winners: 34 Losers: 22 Cancelled: 10
Profit/loss (in pips) = 2472
Open trades: none Pending trades: 2
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is moved to breakeven
4. Second unit at second target
5. If 90 percent of first target is reached without triggering entry, trade is cancelled
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
and... first target hit :|
I am taking a rest for the upcoming few days, mind feels exhausted with ideas :)
I closed my short position for now for 75 pips profit.
Great chart analysis. I do think that gbpusd will try and test 1.67 before heading down. Here is my trade on GBPUSD. I did post a trade idea on GBPUSD yesterday. Check it out
JesusDiaz JesusDiaz
JesusDiaz JesusDiaz
I posted this last week.
I also see a pattern setting up for a long and ride all the way into that level. I will post a chart up soon
Technician JesusDiaz
ill be watching
haha, the ideas exchange are great. yes of coz we r trying to short it ^^. Coz m still learning the way u analyse through the chart. N it comes to me pretty clear n accurate. Thanks
Good luck
So GBP/USD still going down?
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out