In recent weeks, the news coming out in connection with the negotiations for additional QE of the Fed, as well as the news about Trump have caused great fluctuations in the markets.
A seemingly clear direction can be reversed very quickly. So be careful. Put the Stop Loss and determine the risk correctly. You know that if you have questions related to Risk Management, you can contact us.
Today's option is with GBPUSD.
Here we have a clear break of the upward trend. After it a bottom is formed, as well as a lower peak with a pin bar. This suggests that the upward movement is exhausted and we expect to see a subsequent downward movement.
The recommended entry is when the price breaks the previous bottom!
This model will break if the price goes above the previous peak of 1.30. In case of positive development we expect to see: 1.2867 1.2830 1.2719
Once again - be careful and trade at reasonable volumes!
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