GBPUSD: I'll risk looking like an idiot...
...I think GBPUSD is ready to resume the downtrend here. It has significant downside, all the way down to $1. I'm entering shorts at market open, seeing it as a very low risk trade idea.
Exposing 0.5-1% of the account, with a stop just above the recent swing high is a good idea overall.
Cheers,
Ivan Labrie.
Exposing 0.5-1% of the account, with a stop just above the recent swing high is a good idea overall.
Cheers,
Ivan Labrie.
Comentarios:
Comentarios:
An extra piece of information and potentially a clue: relative strength!
Many USD pairs are down, yet USDGBP is up.
Many USD pairs are down, yet USDGBP is up.
Comentarios:
Good to trail stops down, and even double the position.
Target on chart.
Good to trail stops down, and even double the position.
Target on chart.
Comentarios:
Trail sl to 1.2175, and add.
Comentarios:
www.bloomberg.com/ne...et-says-sunday-times
We will see a selloff here and in the Euro I think.
I'll post my updated chart.
We will see a selloff here and in the Euro I think.
I'll post my updated chart.
Operación cerrada manualmente:
I'm hesitant now. I'd reccomend standing aside for a while.
You can see the rally in the pound matched the PBOC shock timing, so, as with everything else that mirrorer the yuan, it was only a short term distortion.
Down for the day, gapped down, looks like it'll keep going down.