3 weeks and 2 days ago, I wrote here of the bottom which had just begun to form on the GBP/USD. Of course, most people were still shorting the GBP/USD thinking it would continue to move further down. muhahahaha….
So…3 days ago, I wrote here that the GBP/USD had hit the first target, retraced to a level of support and was about to move further up. Therefore, if you had taken my trade recommendation, then you are currently up in profit around 350 PIPs. When I had posted the trade recommendation, the GBP/USD was moving further down, but was around 1.4386. It was around that price for the next 10 hours, then began to move up. Now, the GBP/USD is currently at 1.4735.
We will be staying in the trade for a while. When the GBP/USD retraces against shorter-term timeframes, you are more than welcome to enter more long positions at those key levels of support before it continues to move up further as long as you have risk mitigation in mind.
Over the next few days, I will:
- keep you apprised of the state of our current GBP/USD trade
- let you know when and where to exit
- let you know of positions to enter the next trade
Happy trading!
LattePIPs
LattePIPs 
It appears that some short-term movements have broken against our current trade. Therefore, the GBP/USD will most likely fall down to the range of 1.4554 to 1.4606 before continuing its movement back up.
Happy trading,
LattePIPs
Just bought two more lots at 1.4563