Alright, so assuming you didn’t place temporary exits and entrances where I have recommended over the past few weeks and simply stayed in your trade, then as of this writing, you are positive 1035 or 1135 PIPs. That’s fantastic for around 4 weeks and not checking the trade very often!

Now, this is very, very early, but I believe we have potentially found a bottom for the GBP/USD over the next month or so. If we have, then the GBP/USD will retrace back up to the area of 1.4800-1.5000. (I’m personally leaning more toward the 1.5000 level.)

I saw this change occurring, exited my current sell position at 1.4289, and entered a market long position at 1.4285. I am currently positive 75 PIPs going long in a short-term uptrend right now.

If you’re comfortable with the profit you have made at to this point, I would look at exiting your short-term positions. If you don’t want to exit your short-term positions, then I would at least move your stops to a correct placement.

Once my system issues a longer-term (next month or so) long position, then I will immediately place the post for the trade recommendation. Until then, watch what the GBP/USD is currently doing. If you’re still in short positions, then make sure they are reasonably protected.

Happy trading!

LattePIPs