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WFFX
Nov 2, 2020 6:56 AM

GBPUSD Awaiting confirmation of next impulsive move 

British Pound/U.S. DollarFXCM

Description

Morning traders, huge week this week, with England, Wales, France and Belgium all being plunged into a second Covid 19 Lockdown with rising infection figures. Tuesday 3rd November we also have of course the US Election day, the result may be out a little later than previous years and so we may have to wait a while for confirmation, I'm sure there is going to be some big moves no matter the result.

Having said that we don't want to be fighting with the market, we just want to ride the wave as such. So this week really want to just wait and only take a few positions with some good confluences and confirmation and tight trailing stop losses.

Trade safe this week, plan your trade, trade your plan.
Comments
rhyda44
Nice hammer on the 4H this morning...
WicktatorFX
Nailed it again!
CFDStephenwood
Good job
uk_nasa
So if price doesnt respect trend line and goes down in order to look for sells you would look for lower lows and look for lower lows?
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