Downward sloping trend line has been hit 3 times and there has been another close touch today at around 4am along with a strong areas of support turned resistance. This paired with the news trump paid hush money and mentioning of impreachment are causing me to favour a bearish dollar. There looks to have been a lower high formed a few hours ago and now looking to...
I have taken two trades on this pair currently short, taking 3% profit on one and floating 2% on the other. Missed the bigger move down on initial entry short would be over 400 pips up now. Lesson learnt
Looking to play this down to the next key support zones, however need to keep an eye on USD after the US - NK meeting and FED interest rate decision as there has been little movement in the market apart from a brief spike.
Looking to play back up the pound after a nice dogi candle a couple of days ago suggesting to me a change in direction after he bear control of recent weeks on this pair.
Long position on GBPUSD after what seems a long run down looking for a pullback before a potential further move to the downside.
This is a short-term bias as longer term due to key fundamental events such as BREXIT etc the pound looks to me to be weaker than the dollar.
Swissy... key levels coming into play after a seemingly long bull run up looking for a play down before potentially pricing higher if the downward sloping channel not drawn on this chart comes into play. Will update in due course depending on my bias
