GBP long scalp, potential for swing, but monthly looks terrible.
Typically we see a bounce around here if we are showing signs of a large monthly wick with still some time left in the month. Technically we have signs of a bounce showing on the 1 hour as well.
I have two entries, with tighter and wider stops and targets respectively. A likely play for the month of May will be GBP short.
The tight stop (white) has a risk of 0.5% and the wide stop (red) has a risk of 1%
I have two entries, with tighter and wider stops and targets respectively. A likely play for the month of May will be GBP short.
The tight stop (white) has a risk of 0.5% and the wide stop (red) has a risk of 1%
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