$GBP - Think about a birds eye view...
$GBP - Think about a birds eye view...
When trading I like to go towards higher TF in order go proceed to lower TF. Looking at weekly we are within a range of lows: 1.18 areas and highs: 1.23 a break to either direction. We had a mixed view on NFP but we extended higher and dollar declined we could see this theme continue another perspective I was looking at was spx/dxy that was interesting chart and can be discussed in further details in other groups I am part of.
Focusing on GBP - It's a break to either direction. We should be getting back to normal this week as holiday is over, regarding data most importance will be US CPI & Unemployment claims for GBP watch out for GDP. Be careful of your trades on data release.
Technical break out and TL are drawn and even if we was to put fib there we are at key area and could make our target 161.8 which matches pattern completing time will tell. Overall, I will looking at FX majors very carefully.
Hope you had a great first week of trading and plenty of more opportunities are yet to come this year.
All the best,
Trade Journal
When trading I like to go towards higher TF in order go proceed to lower TF. Looking at weekly we are within a range of lows: 1.18 areas and highs: 1.23 a break to either direction. We had a mixed view on NFP but we extended higher and dollar declined we could see this theme continue another perspective I was looking at was spx/dxy that was interesting chart and can be discussed in further details in other groups I am part of.
Focusing on GBP - It's a break to either direction. We should be getting back to normal this week as holiday is over, regarding data most importance will be US CPI & Unemployment claims for GBP watch out for GDP. Be careful of your trades on data release.
Technical break out and TL are drawn and even if we was to put fib there we are at key area and could make our target 161.8 which matches pattern completing time will tell. Overall, I will looking at FX majors very carefully.
Hope you had a great first week of trading and plenty of more opportunities are yet to come this year.
All the best,
Trade Journal
Comment:
We are a very key support!
Comment:
At very key resistance!