FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
1003 9 30
Simple, price at 52 week EMA , if we close under the mode this week, this will start a 16 week downtrend.
We can use an extremely tight stop producing a 27:1 r/r trade if we reach the extreme target.
Good luck!
Ivan.
Comment: Mental reminder: always fade moves against quarterly modes.
Well, we can reenter very soon.
+1 Reply
Sorry Ivan, in this case I have to dissent , I just opened long after bullish engulfing pattern. Just a different view :
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IvanLabrie PRO Realisto_FX
See comment above.
I shorted, 'now', when I published and caught a bag of pips. :)
Reccomended covering 1 hour ago.
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Let's cover here and watch it.
+1 Reply
I think it will continue rising towards 1.59, I'll stay away for now :) but good luck guys
+1 Reply
Ambitious. Good luck
+1 Reply
Awesome, I also just shorted couple of minutes ago. Time to wait and see how this plays out. Good luck mate :)
+2 Reply
IvanLabrie PRO moneymaking
16 week downtrend...If not stopped, I'll try to completely forget about it. (checking every day at the close and on Friday's)
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moneymaking IvanLabrie
Ya, sure will mate thank you for the advice :)
+1 Reply
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