GBPUSD - Short position - 2 Weeks planner (Review daily)
GBPUSD going in a small dive resulted from failure to break through 1.29645 during this week. Expected dive for two weeks. watch closely the US stock market / or Chinese trade deal updates as will cause a massive impact on this planner. if no news, price action should control it.
Comment:
Awaiting today for the perfect entry - post the news yesterday and today there is no chance of any trade deal coming soon however keeping a close eye on this update. Furthermore, Comparing the currency pair demand with Nov-Dec 2018 & Nov-Dec 2017 DISREGARDING the days impacted by US & UK news.
Comment:
Very slow market due to Thanksgiving . entry postponed till tomorrow.
Comment:
Entry placed @ 1.28830 --- To be updated situation in 2 hours
Comment:
SL missed by 10 pips. another trend-line is forming by the last two tops on 1H time frame. RSI will be touching the 80 line making another close to the SL. Do not expect much impact today because of the news. Nasdaq is edging down on another another slump going for perhaps end of Feb. This may edge the pound again to the SL. Watching today closely.
Comment:
SL hit.
Conclusion:
Too much demand for the GBP
Weak dollar following further US-CHINA trade concerns
Concerns on the meeting today for the NATO weakened the dollar even more.
Conclusion:
Too much demand for the GBP
Weak dollar following further US-CHINA trade concerns
Concerns on the meeting today for the NATO weakened the dollar even more.
-Watch out for the news release today on USD. this will cause a bit of volatility (300 ~ 400 points range up first and then down). However, the market will have a correction back to the price action range. Even if the candles break the 1H linear line, do not go in. Wait for the market to have the correction post the news and place your trade afterwards.