GBPUSD DAILY TRADE IDEA UPDATE
Hi all
The US CPI data supported the previous trade plan's rejection at level 1.22703, and the GBP data today shows another decline. A positive US Core Retail Sales m/m result tonight may enable this support level of 1.20472 to be tested.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
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The US CPI data supported the previous trade plan's rejection at level 1.22703, and the GBP data today shows another decline. A positive US Core Retail Sales m/m result tonight may enable this support level of 1.20472 to be tested.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
Comment:
some gbpusd updates The price managed to break three support levels last week before ending at level 1.1914 and pulling back to the prior level of support. From a price action standpoint, the price must break through level 1.20733 to go higher or it will drop once more. So, would this week end with another bear or a bull?
some gbpusd updates The price managed to break three support levels last week before ending at level 1.1914 and pulling back to the prior level of support. From a price action standpoint, the price must break through level 1.20733 to go higher or it will drop once more. So, would this week end with another bear or a bull?
can next H4 support hold?