fantastic sell opportunity here for gbpusd. we have see major impulses to the down side, and are now in a corrective phase before another impulse lower to reach our outer channel. this is the main trade im looking for next week.
DXY struggling to bounce strongly off 90. Might see some weakening of the USD, but traders should be careful and consider possibility of this as a technical and reactionary move.
This retracement of the DXY coincides with the S&P 500 bouncing off the 2,700 level.
I’ll be looking for trade setups which highlights continual USD strength.
For example, the...
With Cable being overall Bearish Coming back into the grey highlighted zone.
I actually missed my Entry, Now creating (Lower Highs) & (Lower Lows)
This has given me a new opportunity to trade this pair.
With the break of a minor Bullish channel.
Expecting a 80+ Pips drop to create a new (LL)
