UK Year on Year GDP release in 6.5 hours - Sitting on neckline!!
Updated
- - - - - GDP/USD POSSIBLE LONG OR SHORT. DEPENDS ON THE SEVERITY OF UK GDP YEAR ON YEAR DATA - - - - -
Keeping a tight stop loss would be a good idea, But on the other hand, there will most likely be a high volume fuelling the outcome - Instrument Price will be volatile - meaning stoploss spikes may possibly occur.
Be very careful if you are trading this.
Price could simply break the blue ascending neckline downward, or, continue rebounding off of it UPWARDS, like it has done so 2 times in the past.
4 hour charts GBP/USD
Best of Luck, Its today at 9:30 AM (GMT) 6 hours and 28 minutes from now
Keeping a tight stop loss would be a good idea, But on the other hand, there will most likely be a high volume fuelling the outcome - Instrument Price will be volatile - meaning stoploss spikes may possibly occur.
Be very careful if you are trading this.
Price could simply break the blue ascending neckline downward, or, continue rebounding off of it UPWARDS, like it has done so 2 times in the past.
4 hour charts GBP/USD
Best of Luck, Its today at 9:30 AM (GMT) 6 hours and 28 minutes from now
Comment
P.s: Where it says " Right shoulder " - It could possibly become a higher high than the previous high labelled " Head "Disclaimer
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