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MatthewCrm
Aug 6, 2020 5:31 PM

GBP / USD - LONG POSITION  Long

British Pound/U.S. DollarFXCM

Description

@BXY IS LOOKING VERY BULLISH, SUGGESTING A BREAK TO THE UPSIDE FOR GBP / USD

IDEAL TOP TARGET IS A PREVIOUS HIGH
WILL NEED TO WAIT AND SEE THE PLAY TOMORROW - NOT WILLING TO HOLD OVER WEEKEND UNLESS RISK IS ELIMINATED

Comment

MOVED ENTRY TO ABOVE TOP OF PURPLE BOX, THAT TO ME WOULD BE CONFIRMATION OF A BREAK - THE INDEX FOR DOLLAR COULD BE SHOWING A RETRACE - AND POUND INDEX COULD ALSO BE SHOWING A REVERSAL AT ITS CURRENT PRICE

Comment

GBP / USD DIDNT MAKE NEW HIGHS AND NO POSITION WAS TAKEN, HOWEVER AS STATED IN THE COMMENTS THE DOLLAR INDEX SHOWED ITS RETRACE AND THEREFORE THE POSITION I TOOK WAS...

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