GBPUSD with no volume to support that price
I am ready to sell GBP against USD when the Asian session opens.
There are no adequate volumes to support the current price and the upcoming elections are likely to negatively affect the couple.
The position of the banks remains fairly neutral, so I believe that the drop will be more strongly influenced by news.
It is interesting to note that for the CABLE the sentiment of retailers is aligned with banking, at least for this historical period.
We have in fact noticed that the payroll news on Friday has not further destabilized the POUND, which would mean that the price has consolidated in the range between 1.32 and 1.28.
Near the TP we can consider a second TP below 1.28 totally paid by the increased equity.
ALWAYS Consider a decent stop loss when calculating your lot size.
There are no adequate volumes to support the current price and the upcoming elections are likely to negatively affect the couple.
The position of the banks remains fairly neutral, so I believe that the drop will be more strongly influenced by news.
It is interesting to note that for the CABLE the sentiment of retailers is aligned with banking, at least for this historical period.
We have in fact noticed that the payroll news on Friday has not further destabilized the POUND, which would mean that the price has consolidated in the range between 1.32 and 1.28.
Near the TP we can consider a second TP below 1.28 totally paid by the increased equity.
ALWAYS Consider a decent stop loss when calculating your lot size.
Trade closed: stop reached