Last week asset manager and institutional funds reduced their long positions for GBP, therefore as following the money flows, the GBP should either consolidate or correct over the next week.
there is tons of important data for USD, which will move the markets one way or the other... If GBP breaks Friday's high, go long, if it breaks Friday's low, go short, and go for a swing over the next couple of days rather than day trade, there will be too much noise in the market, especially given NFP is around the corner
there is tons of important data for USD, which will move the markets one way or the other... If GBP breaks Friday's high, go long, if it breaks Friday's low, go short, and go for a swing over the next couple of days rather than day trade, there will be too much noise in the market, especially given NFP is around the corner
Trade closed manually:
Target is rangebound after yesterday's candle and pick up in buying I trail stopped my entry, will not hold a longer trade this week due to big events happening, FED Statements, NFP and others will show the direction of the market for the next month.
Pips scored from shorting the high supply zone to 1.248.
Pips scored from shorting the high supply zone to 1.248.