So based on the economic situations, gbp is shorting. We can also see when analsing from bigger tf to smaller, the overall trend is short. We just had some pullbacks from the previous major shorts, and should now continue the fall. I'll be using cca 130ish pips stoploss on market open due to the pairs volatility. tp is about 600pips. depends on the pair. The only pair I'm not so sure about is GU, as dolar id strongly manipulated by fed and should be falliung since the corona outbreak, but is somehow still strong.I expect a strong sell soon, just watching news closely. When it starts dumping we can especialy sell exotics for a swing trade. catch a few thousand pips free money :)
As I am short and "enjoying" significant draw down, I am very much looking towards the big drop I feel is coming in GU. How had the fed held price up?? I mistakenly thought price would head down Friday. I am looking toward Monday. Can you see it happening during the London Session?
I wish I had seen your earlier analysis of this pair sooner. I might have re-evaluated my early short and not be in draw down now. I will be monitoring your ideas for this pair from this point .
Liked.
I wish I had seen your earlier analysis of this pair sooner. I might have re-evaluated my early short and not be in draw down now. I will be monitoring your ideas for this pair from this point .
Liked.