FX:GBPUSD   British Pound / U.S. Dollar
1004 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!
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 :
IvanLabrie Realisto_FX
See comment above.
I shorted, 'now', when I published and caught a bag of pips. :)
Reccomended covering 1 hour ago.
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 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)
moneymaking IvanLabrie
Ya, sure will mate thank you for the advice :)
+1 Reply
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