EverythingForex

CLOSED TRADE: GBPUSD: SELL@1.55950 Alternate Count +584 pips

FX:GBPUSD   British Pound/U.S. Dollar
837 5 21
I am now closing this trade as prices are now approaching an indecision point and this is my last post today. Middle of the night where I am and although I feel this pair still has some more downside to go, my TP2 is only a few pips away from being hit anyhow. So I didn't want to hold it overnight (for me anyway, it would be overnight).

So I am just gonna take the +584 pips and bag it. The next move in this pair is anybody's guess. In my last update, I presented and ALTERNATE Scenario for this pair (see Related Ideas: "UPDATE #1: TRADE: GBPUSD: SELL@1.55950 Alternate Count +241 pips") in which I showed a possible wave 3 to be next. But that is of course just one possibility. The other is that prices may continue down as in my original Scenario #2 in this chart below:
snapshot

So at this point, prices are at a decision point. Which is why I will stand aside for now and watch and wait to see what the chart will say before I take another trade in this pair. Sorry to disappoint anybody who was expecting a trade idea from me!
Performance Summary & Public Trade Log: http://bit.ly/29AeqnC
Sep 18th Weekly Indexes newsletter: http://bit.ly/2w2ODMH (FREE Access)
Want results like this? Join us: http://bit.ly/29x4bfM
Thanks to all ! But I hope my trade posting serves to help you all in your own trading. That is why I post here. Not to massage my ego. The praise is appreciated for sure but isn't why I post. But thanks, again!
+2 Reply
Great achievement !
Reply
Nice!!
Reply
Excellent!
Reply
Congrats!
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out