with the UK set to ease lockdown, I believe we will see the pound strengthen in the coming week. At the end of last week it dipped below the previous low but I believe it is just temporary. im looking to take it to the top of the previous channel
@zzaza, no I got stopped out at breakeven. looking for a retest of 1H support, that it broke below. once it rejects i'm going for a short
SwingingPrime
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hi...dont you agree that if the pound does strengthen this week, any increase might be a retracement rather than reversal? The major trend on all GBP pairs has been downtrend. And for GBPAUD, it broke below recent support, showing the strength of the sellers.
Prime_Trading
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@SwingingPrime possible. Once price is about 100+ pips in profit my stop will be moved to entry, which I see is very possible. If not then I only lose 2% so nothing to worry about, move on