For Those Asking About Buying GBP..
Hey Guys,
Some have asked me about buying the GBPUSD FX pair. We just had CPI data falling inline with expectations that did not enormously shift GBP upwards or to the downside.
Nonetheless our bias remains higher for shorts. WHY? Because that is where Key Risk Averse PA zones exist (larger money short zones). This coincides with the fact you have risen on the GBP for a long amount of time now as a retracement. Within these retracements you will inevitably get rebounds of price as sellers RE move into the market within the upmove.
So having said that we are not looking to buy LATE. the train has gone and we need to just wait at the stop again. Buying high is never a good idea. This is an issue. That's because if you are buying it you are buying it WAY after it's been bought (and it's no longer cheap)... If you keep doing that you will statistically be unprofitable (and naturally).
Buy dips, sells rips.
Some have asked me about buying the GBPUSD FX pair. We just had CPI data falling inline with expectations that did not enormously shift GBP upwards or to the downside.
Nonetheless our bias remains higher for shorts. WHY? Because that is where Key Risk Averse PA zones exist (larger money short zones). This coincides with the fact you have risen on the GBP for a long amount of time now as a retracement. Within these retracements you will inevitably get rebounds of price as sellers RE move into the market within the upmove.
So having said that we are not looking to buy LATE. the train has gone and we need to just wait at the stop again. Buying high is never a good idea. This is an issue. That's because if you are buying it you are buying it WAY after it's been bought (and it's no longer cheap)... If you keep doing that you will statistically be unprofitable (and naturally).
Buy dips, sells rips.
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bit.ly/willsbpa
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Posts Not financial advice.
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