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ForexTrendline
Jan 19, 2023 5:30 AM

No new trades in GBPUSD 

BRITISH POUND / U.S. DOLLARICE

Description

Yesterday we saw a new momentum rally in GBPUSD and reaching all expected levels.

Right now we already have a correction of over 100 pips from the top and there is no basis for new trades.

We will watch the support and resistance areas for a possible reaction.

We will be looking for new entries only when there are good grounds.

During this time, other instruments can be considered and more time spent analyzing and improving strategies.
Comments
TheTradersAvenue
Very good job. Thanks
KlejdiCuni
You have nailed this analysis. I like it. Thanks
ProjectSyndicate
great risk/reward in this trade setup
MACcTrader
What happened to EURUSD predictions
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