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RiosTrades
Nov 17, 2019 7:09 PM

GBPUSD NEUTRAL  

British Pound/U.S. DollarFXCM

Description

I'm more Bullish Bias'd than Bearish but always am prepared to adapt to market momentum. GBPCAD/GBPUSD Share a very strong correlation, there's a channel cross over which can be a little confusing if not understood properly. The aggressive but proper buy enter would've been the D leg in the AB=CD Pattern (Complex) but because price is in an area where price can very well reject and reverse, we are waiting for price to breakout and hit either our Buy or Sell Order. I chose these levels because it was give us a clear view of where price can potentially head towards.
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