Hi everyone. It takes time writing these posts; however, I will try to be more diligent in at least providing trade recommendations. I’ll also begin posting my monthly account summary showing all trades I make.

The GBP/USD is currently in transition from going long to short on the Daily chart. Therefore, here’s the current directions:

Daily: short

4hr: short

1hr: short

As you can see from the chart below, I entered a short on the GBP/USD on January 11th. Over 6 business days to date, I’m currently positive around 320 PIPs. One positive piece of this current movement is the November low of 1.5827 has been taken out with the GBP/USD still moving lower. Although I would love to exit at this point with this profit, my strategy has not issued an exit on even the 15min timeframe.

I will provide an update to this trade once my strategy has issued an exit on the 1hr and will provide a target for the next trade.

Happy Trading!

-LattePIPs

current trade