Something is going down at the start of this week
Updated
Will it happen on monday already? Pretty sure we can get our first entry yes, maybe more agressive one but still. My conviction for sterling is bearish and I see this fridays bullish run short lived and more of a profit taking retracement than real momentum shift. So we are staying on the watch for potential shorts as soon as we get the right confirmation from price action. Level 1.3150 which is a fibonacci 61.8% retracement will hold the answer where our perfect entry is. Maybe we go up to the 1.3200 first and start our sell-off there, on another note price action can form a structure that will indicate immediate sell, stay on point and look for shorts. Happy trading everybody!
*Please read what I wrote on the picture refrencing to Potential Profit Target and you will understand whan I mean.
*Please read what I wrote on the picture refrencing to Potential Profit Target and you will understand whan I mean.
Trade closed: target reached
We have hit our 1st profit target, you guys should be up at least 40pips so close half of your position and put the other half on brake even, lets fly to the second profit target risk-free. Great start of the week guys!Trade closed manually
Two options from here. One is to close the remaining trades in profit and the other one is to keep them running risk free becouse they are on brake even, however there is a good chance those are going to get hit due to positive CPI Survey data that came out today for GBP. We will get more information on the Brexit pressures in the evening so it could go either way. Another successful analysis guys I hope you are enjoying trading with us and thank you for all the support we are receiving!
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