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Author Archives: LattePIPs
Protected: Current GBP/USD Trade – 3/21/18
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Current GBP/USD Trade – Profit Target 1.4789
Existing State: GBP/USD in downtrend on Daily Current Trade: Entered 2 LOTs Long at 1.4241. Currently positive 115 PIPs/lot. Targeting 1.4789 Future Trade: Limit Short @1.4789 Continue reading
Current trade positive 785 PIPs/LOT
Back in May, I recommended GBP/USD short trades. The GBP/USD is currently in a downtrend on the Daily chart; therefore, we want to trade GBP/USD short trades in the direction of the overall, longer trend. Since counter trend trades on the 4hr chart against the Daily are usually 1 month trades, we can definitely take advantage of … Continue reading
1.5450 Level Hit. Enter Short on GBP/USD for long-term trade targeting below 1.4829
Back in February, I provided a recommendation for two trades: 1st trade: Long @1.5125, Limit @1.5450, Stop @1.5050 2nd trade: Pending Limit Short @1.5450 Even though the first trade got stopped out at -75 PIPs, the 2nd trade put you entering the market short once the GBP/USD hit 1.5450. Now that you are current in a … Continue reading
730 PIPs over 4 weeks! Now, enter LONG on the GBP/USD to 1.5450
On January 31st, I posted here that the GBP/USD had moved to our target area of 1.5900 and would resume its decline further down below 1.5674. I said there would be no limit on this particular trade and I would provide recommendations on when to exit. Now, four weeks later, you should be positive around … Continue reading
GBP/USD still moving down
This is why I was very cautious about a potential reversal, which is definitely not happening at this time. The GBP/USD is still moving down for the short term. Keep all trades short for now. Happy Trading! LattePIPs Continue reading
Cautious warning of potential GBP/USD reversal to (1.5905-1.5985) area
The GBP/USD is doing one of two things right now: It’s going to keep moving down as it has been, or It is in the very beginning of the process of reversing to the 1.5905 to 1.5985 area I wish I could be more precise at this time and be able to give a definite … Continue reading
GBP/USD tanked after nearing 1.5900 level
Last week, I warned about the GBP/USD slowing up here. Two days ago, my strategy forecasted the GBP/USD move up to the 1.5900 level here. Also within the previous post was a recommendation to short the GBP/USD to target below 1.5674 once it paused its upward movement. For those of you who saw the consolidation within the picture … Continue reading
GBP/USD moving to 1.5900 as forecasted
The GBP/USD is currently at 1.5873 and moving to 1.5900 as previously forecasted here two days ago at LattePIPs! I’d also like to mention that you’ll find many technical analysts out there who will provide general recommendations (e.g. look to go long after this price, or look to go short after this price); however, there are … Continue reading
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