Possible pattern in the process.
Selling the daily break at around 0,8790 for target 0,8710 in extension to 0,8660
Economic factors to note:
1/ 04.12 Euro Zone PPI (good and bad = neutral)
2/ 05.12 GBP Retail sales
3/ 05.12 Markit Services PMIs
4/ 06.12 ECB non-monetary policy
5/ 07.12 Euro GDP !!!
6/ 08.12 GBP Production figures and GDP estimate !!!
7/ 12.12 (this could be a sell to OR buy from the extension if or if not yet achieved already) GBP PPI and CPI figures
Selling the daily break at around 0,8790 for target 0,8710 in extension to 0,8660
Economic factors to note:
1/ 04.12 Euro Zone PPI (good and bad = neutral)
2/ 05.12 GBP Retail sales
3/ 05.12 Markit Services PMIs
4/ 06.12 ECB non-monetary policy
5/ 07.12 Euro GDP !!!
6/ 08.12 GBP Production figures and GDP estimate !!!
7/ 12.12 (this could be a sell to OR buy from the extension if or if not yet achieved already) GBP PPI and CPI figures
Trade closed: target reached
Pretty spot on, for once.Looking at PA for a sell re-entry for a repeat of the idea in similar fashion.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.