Wednesday 7:00AM TRADE UPDATE: Closed email@example.com Moved SL to B/E. Profits: +230 per lot *2 lots = +460 pips
Friday 8:04AM Closed another firstname.lastname@example.org Moved SL to 1.46500. Up-To-Date Profits: 460 + 227 = +687 pips Remaining 1 lot to run.
My last post on GBPUSD , I said that this pair was starting a retrace of that large wave (3) that ended. The NFP release did nothing to change that outlook. It is still in that wave (4) retrace at the moment. Here is the previous chart I posted with my projections:
In the main chart is the updated chart with the current price action. You can see how well prices have followed my projections. And I am expecting that prices will get to my profit target. If not even a little lower. I have marked on the chart a critical zone where I am expecting some sort of reaction and the possible end to the retracement. When prices get there, then I will review the price action and see what it is saying and whether or not to take a BUY. Do not automatically BUY at that point. Must have a valid buy setup along with confirming price action before even considering that.
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