FX:GBPUSD   British Pound / U.S. Dollar
599 20 25
SELL BOUNCE AND BREAK FROM TRENDLINE .
SEE CHART.

D1
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Great job PAT as always! I didn't want to believe in that scenario but it happened anyway :)
+1 Reply
PriceActionTrading oleg.golubovich
Thanks oleg. Simple trendline break. Sometimes it works sometimes it doesnt.
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Not my cup of tea, I see this price action as coiling before a big move up.
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Yes Ivan definitely. Big picture still long. But who doesnt love a good 130 pips gain :)
Looking at long AU soon.
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IvanLabrie PRO PriceActionTrading
Look at that last candle rejection with a long wick.
CL1! has moved up before gbpusd here, and down before it as well.
I doubled up down there.
Tight stop.
+1 Reply
Nice. Yea the wick. But i closed out already at my intended profit level. Not so greedy. Your long could work out next week. Good luck Ivan.
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IvanLabrie PRO PriceActionTrading
Yes, next week. And good eye with the short. I just don't counter trend trade.

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IvanLabrie PRO IvanLabrie
Also rebought eurcad...
+1 Reply
EURCAD seems a good buy too. Currently at 161.8% of the recent down leg. But im looking for more confirmation. So wont be in for now.
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