Half way in a 10 day ALT Coin Consolidaashiooon Looks to me that we are about half way through this Alt coin consolidation, ALTs are looking prime being over sold on the Weekly, consolidating on the Daily and Bitcoin needing a possible pull back to 6k. I'll be looking for a couple positions this week, diversity, stop losses, target resistances, make a plan, good luck.
Sticktoyourplan
GBPUSD - potential long trade in the coming dayHello all - DuncanForex with another trade idea.
With NFP coming in strong on Friday and USD gaining strength - the question is:
Is this short term sentiment and will the FED support further USD strength or will the FED still suggest a rate cut and in turn will USD weaken,?
Therefore, the recent price action being a stop loss hunt before heading higher quite quickly
I have not been able to publish all my trade ideas this week - however I am currently long gold at 1393 and I expect USD weakness to now continue on other pairs.
I am looking to go long GBPUSD after reviewing my support levels - where I previously think I got in too high on the recent down move.
\I am looking for a break of the trend line and a retest prior to it heading higher
This trade may end up going through FED news tomorrow and I will review prior to the news coming out if I have open trades.
Thanks for looking
Duncan