Hi traders!
(This analysis was already shared with current students last Friday)
GU dropped quite a lot since that super strong bullish breakout. It is all normal behaviour since this run didn't have no real corrections, no real breathers, no nothing!
Also, this happened along with the other majors pairs that got pounded vs USD.
Now that the DXY somehow slowed down and hit a invisible resistance, all majors pairs today are back in green vs USD
MACD giving us early signs of a potential pullback
RSI couldn't really go beneath 50
Here is what I'm thinking:
GBPUSD LONG:
ENTRY : 1.30576
SL : 1.329881
TP : 1.32992
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
(This analysis was already shared with current students last Friday)
GU dropped quite a lot since that super strong bullish breakout. It is all normal behaviour since this run didn't have no real corrections, no real breathers, no nothing!
Also, this happened along with the other majors pairs that got pounded vs USD.
Now that the DXY somehow slowed down and hit a invisible resistance, all majors pairs today are back in green vs USD
MACD giving us early signs of a potential pullback
RSI couldn't really go beneath 50
Here is what I'm thinking:
GBPUSD LONG:
ENTRY : 1.30576
SL : 1.329881
TP : 1.32992
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Trade active:
Already up 100 pips! SL moved into profit.
Comment:
Pushing for that 200 pips now!
Trade closed: stop reached:
Touched my SL in profit when that mega wick happened! It went down like 140 pips during the London session and came back slowly up 140 pips by the end of the US session.
Still banked 152 pips.
Still banked 152 pips.