I am expecting dips to be a great opportunity to load up on GBP longs. 1.25 should be a pivotal area. Prices below should not materialize.
Bulls have big interest in defending 1.25 so a long there with a stop below 1.2360 can be a great swing opportunity.
I will update this post if the trade sets up, but this is for sure something to keep an eye on. Big formations and bottoms like these normally are nice profit opportunities.
Blessings to you all.
Bulls have big interest in defending 1.25 so a long there with a stop below 1.2360 can be a great swing opportunity.
I will update this post if the trade sets up, but this is for sure something to keep an eye on. Big formations and bottoms like these normally are nice profit opportunities.
Blessings to you all.
Note
I dont want to post a new trading idea, but i took a short position on GbpUsd with a very tight stop.
Its highly speculative trade before the unemployment data of Britain.
So it might as well get stopped out quickly.
Sell 2785 Stop 2830 Target 2630
Note
Moving stop to 2805.
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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.