They say dont fight the trend, but what if the trend is making way for better opportunities to play against dumb money ? Catching the swing here against all odds on many brokers. Technicals are against me in so many ways its surreal. Yes, GBP seems under priced through 'technical' chart reading through higher time-frames, the laws of average come into play once you establish certain behavioural points in the market. In terms of fundamentals, NFP consensus looks very dangerous to be longing $ especially futures . However, dont forget the vote for a rate hike accounted to 0 and 9 voted for cut in Thursday mornings Interest rate decision. Good luck happy NFP !
-Expected time for Tps -> Friday noon GMT / Monday 8am GMT -Expected time for SLs -> Either before Europe market opening or before/after NFP
This trade is not based on speculation Not investment advice
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smaller TFs look very bullish prior Europe opening :S