This idea is based on that the market is already pricing rate cut in GBP, so it is possible that we are going to see a strong pull back in price and then buy out from the level around 1.2957.. it provides decent R:R for joining bulls with stops below 1.29 and take profit around 1.312. (R:R=2.86)
If the rate remains unchanged it will be a positive scenario for GBP and it might continue going up without any pull back..
Keep in mind that this idea might be realized in several days and having long position in GBPUSD results negative swap.
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Comment your opinion and follow me to stay updated.
If the rate remains unchanged it will be a positive scenario for GBP and it might continue going up without any pull back..
Keep in mind that this idea might be realized in several days and having long position in GBPUSD results negative swap.
//
Comment your opinion and follow me to stay updated.
Comment:
Position was opened based on previous idea from 1.3 price..now sitting in profit with s/l moved to 1.3055