GBPUSD: 13.81% downside to be seen

FX:GBPUSD   British Pound / U.S. Dollar
My signals trading group entered today at 1.3192, daily confirmation has already materialized, so you can join the downtrend at market with stops over 1.32895. Risking 0.5-1% is perfectly fine here. Look to add once price moves under 1.287. Use the same stop as this first entry (second for us).

Check out my updated track record here: http://pastebin.com/6CyyqnPT

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Ivan Labrie

Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.

Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance             on such information.
Comment: Good progress.
Looking at the dollar index making higher highs I feel this entry might be premature, waiting a week or so and then I will look again
I didn't think that comment though properly and now I can't delete it. Great. lol
No big deal mate.
MrCheek PRO IvanLabrie
Yah cheers, now I'm short!
+1 Reply
Good luck!
My target is around 1.14 but it shows that it will first hit 1.5??? I don't know it is Forex and hard to say.....
IvanLabrie PRO Sarfaraz Limbuwala
Where do you see 1.5?
??? Don't know just based on past price movements
IvanLabrie PRO Sarfaraz Limbuwala
I mean, I understood that I had an 1.5 target somewhere, which wasn't the case.
Sorry, didn't quite get it.
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