GBPUSD / EURUSD - Still bearish

Major pairs gained some upward movements due to a weak dollar following Fed Chair Powell's remarks in the Congress last week. However, GBP is still weak because of Brexit developments. I am looking to short this pair on the trading sessions next week. Entries, SL, and TP will be posted once the trade is active.

I have received several messages saying dollar is weak and there is no reason to short GBPUSD or EURUSD. At the same time, EUR and GBP are also weak and there is no reason for them to gain huge upside moves fundamentally. Technically, both pairs are still below the 90 EMA. We need a clear impulse upwards and a break above this EMA to change our view from bearish bias to a bullish one. Also, these two pairs are on a retracement from their last swing highs. We are either on a corrective wave or a bullish impulse, but what I see just a retracement. We will know further once the market opens next week.

Some were also asking what kind of trader I am. I scalp, day trade, and swing at the same time. I profit from both ranging and trading markets. It's hard to keep updating here my entries and exits so if you want to have a more detailed view of my trades, you can subscribe to my free telegram channel for real-time updates on the trades I take and when I exit them. I would also be happy to provide some tips for newbies and beginners.

TAKE NOTE: I do not manage accounts. I do not have the time for that yet. But will keep updating for changes.

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