200 Pips Juicy sell set-up in GBP/USD. Who is with me?
Hello, Tradingview community and fellow traders! Many traders were probably caught off guard
by yesterday's huge bullish impulse in GBP/USD. If I remember correctly, GBPUSD moved more than 200 pips during the New York session yesterday. The move was fueled by the CPI data release from the US.
Honestly, I was prepared for a move to 1.2420 but I didn't think it would reach 1.25. That being said, I expect a fall pretty soon. You know back during the 2016-2018 period, huge moves of 200 pips in GBPUSD and 300 pips in GBPJPY were pretty common almost every week due to Brexit-related news. However, this has become a rarity now.
So, it was a pleasant surprise yesterday I guess :D Well, based on my 15 years of experience, I can say with up to 90% certainty that GBPUSD would reach at least 1.23 before the end of the week, I hope ;)
I have already sold at 1.2470 and 1.25, no SL yet but TP is at 1.23
by yesterday's huge bullish impulse in GBP/USD. If I remember correctly, GBPUSD moved more than 200 pips during the New York session yesterday. The move was fueled by the CPI data release from the US.
Honestly, I was prepared for a move to 1.2420 but I didn't think it would reach 1.25. That being said, I expect a fall pretty soon. You know back during the 2016-2018 period, huge moves of 200 pips in GBPUSD and 300 pips in GBPJPY were pretty common almost every week due to Brexit-related news. However, this has become a rarity now.
So, it was a pleasant surprise yesterday I guess :D Well, based on my 15 years of experience, I can say with up to 90% certainty that GBPUSD would reach at least 1.23 before the end of the week, I hope ;)
I have already sold at 1.2470 and 1.25, no SL yet but TP is at 1.23
Trade active
Sold@1.2470 and 1.2500Note
Update : Going exactly as expected. 70 and 52 Pips profit respectively
Note
Update: Both positions have now moved to 115 and 85 pips profit respectively
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.