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PeNuel2020
Jul 4, 2021 11:19 PM

GBPUSD - BUY ABOVE @1.38 Long

British Pound/U.S. DollarFXCM

Description

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EXPECT CABLE TO MOVE UP AS LONG AS IT STAYS ABOVE @1.38 DAILY OPENING AND CLOSING PRICES:

- LAST NFP NEWS MADE ***USD PAIRS REJECT THEIR RECENT LOWS WITH A "MASSIVE' PULLBACK UP;
- DXY IS LIKELY ON ANOTHER BEARISH RAMPAGE AS IT RECENTLY HIT A MULTI-MONTH TRENDLINE RESISTANCE AND GOT REJECTED;
- GBPUSD IS IN A STRONG REGION OF OVERALL RANGING/CONSOLIDATION BETWEEN @1.37 - 1.42 AND A GOOD SUPPORT ESTABLISHED AFTER NFP;
- GBP MAY HAVE NEWS OF CLAIMANT CHANGE, UNEMPLOYMENT RATE, PMIs AND OTHER NEWS AHEAD THAT MAY BE BETTER THAN PREVIOUS;

ABOVE ALL, ENSURE YOU USE PROPER RISK AND MONEY MANAGEMENT. YOU DON'T WANT TO BE A VICTIM OF MARKET UNCERTAINTIES!

DISCLAIMER: DO NOT TRADE WITH BORROWED MONEY OR THE ONE YOU CAN NOT AFFORD TO LOSE.
FX IS A HIGH RISK HIGH REWARD MARKET AND VERY VOLATILE
Comments
PeNuel2020
setup still intact. We hold till SL is hit
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