GBPUSD stacking up before the elections on December 12, smart money is already in.
Speculative long positions have already accumulated into the build-up to the event.
Price pullbacks might occur as profit takers may start to cash in, and the US dollar can likely continue to perform and be an additional roadblock for the bulls.
This pair is highly volatile, position sizing is a must.
Speculative long positions have already accumulated into the build-up to the event.
Price pullbacks might occur as profit takers may start to cash in, and the US dollar can likely continue to perform and be an additional roadblock for the bulls.
This pair is highly volatile, position sizing is a must.
Trade active
Trade closed: target reached
Note
+300pips profit
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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.