i will be taking a sell on GBPUSD
reason is cause price is in a range between monday open and Tuesday Open zones....actually we are suppose to be in a downtrend but price wants to make the M pattern before dropping
Today also we will be having FOMC meeting and interest rate release by 7pm (nigeria time)forecast has been set to come out bullish for the usd which will make pairs like GBPUSD drop...so i will advice to be at breakeven if in profit before the release and allow profit to continue...stay active here in case the setup fails i will notify also
reason is cause price is in a range between monday open and Tuesday Open zones....actually we are suppose to be in a downtrend but price wants to make the M pattern before dropping
Today also we will be having FOMC meeting and interest rate release by 7pm (nigeria time)forecast has been set to come out bullish for the usd which will make pairs like GBPUSD drop...so i will advice to be at breakeven if in profit before the release and allow profit to continue...stay active here in case the setup fails i will notify also
Trade active:
50 pips target reached...breakeven or close partial order....