Alright! On our GBP/USD trade, 1.5060 has been hit! Woo-hoo! For those of you who entered and held your GBP/USD long trade from the posting here, it has so far moved a total of around 700 PIPs! That’s not bad for holding a trade through only 13 trading days! That equals 54 PIPs/day or 270 PIPs/week! …from just holding one trade! Of course, I recommended particular entrances and exits within that timeframe just to capture even more profit. However, if you were patient and wanted to just hold your trade, then your patience literally paid off.

From the posting here, you should have placed a limit sell @1.5060 and are currently in a short position. This is a long-term short position. The market may move against us a bit; therefore, just hold this trade. This is a multi-month short position.

I’ll provide further updates later.

Happy trading!

LattePIPs