Long position on GBPUSD after what seems a long run down looking for a pullback before a potential further move to the downside.
This is a short-term bias as longer term due to key fundamental events such as BREXIT etc the pound looks to me to be weaker than the dollar.
This is a short-term bias as longer term due to key fundamental events such as BREXIT etc the pound looks to me to be weaker than the dollar.
Comment:
Loss taken on this trade of 2% with stop hit not that long after entry. Double top formation form around the 1.43 level, interest to see if price stalls around 1.31 level at all but at the moment sat on the side for this trade personally.