Hi Traders,
I trust everyone had a successful week of trading. Many of my setups have played out to the T. I am looking GBPUSD today, Price has broken out of a very strong support area and pushed straight down during CPI release on Friday. It has now found support at 1.230.
Because this move fell so hard I would like to see the market correcting on Monday or Tuesday next week. My target is at the untested Resistance.
If price plays out the way I anticipate I will then be looking for short positions next week if it fails to break the resistance of 1.250
With that being said, Happy weekend, and see you in the next post.
Renaldo Philander
I trust everyone had a successful week of trading. Many of my setups have played out to the T. I am looking GBPUSD today, Price has broken out of a very strong support area and pushed straight down during CPI release on Friday. It has now found support at 1.230.
Because this move fell so hard I would like to see the market correcting on Monday or Tuesday next week. My target is at the untested Resistance.
If price plays out the way I anticipate I will then be looking for short positions next week if it fails to break the resistance of 1.250
With that being said, Happy weekend, and see you in the next post.
Renaldo Philander