Pound Looking for C
Updated
See the chart notes for a trading plan on this and have fun buying or selling when we get the break.
Note
Hey everyone. I am on a long weekend until trading resumes and this daily candle closes, so at best I am doing some scalping only. I will let this candle close and see what we get. If you are selling, good luck. I was looking for the long in this trade and it has not come in. Take care.Note
you guys who are on pound usd already, congrats. The sell would have been the London pop down this morning on it. I likely will look for a pulback and see if I can catch some more of it. For those of you are in the trade as of today, the range may extend into 13460.. I would not sell that from here..... Just put your downtrendline on your charts and see if it continues. Until it breaks the downtrendline you don't have a reason to exit but I would be taking profit at about 13461 if you are in now. Thanks and have a great week.Trade active
The upcoming interest rate announcement tomorrow could send pound north. Until then, we will have range bound scalps (under 80 pips). Again looking for the break above the top blue line at 13630 area to go north into 140 and 13535 to go south into 134 and then 130. I never pretend to know what is going to happen. Right now looking for that break above the top blue line and then trading this into 140.. News comes early on Thursday.Trade active
Looking to break above that blue line. This pair could go tonite or tomorrow, so get ready. Setting alarm at the top blue line to check and then likely will be on the next 2 hour candle. should be a great trade.Trade active
I am active selling with the push up on dollar from this morning's candle at 135. Looking for 134 and then push down into the .786 fibonacci at 13312.. Great selling ahead looking for the pushes on both euro and pound today.Trade active
leaving this... looking for more dipping. it seems to be sleeping but I see both the euro and the pound as bears.Trade active
Break even and 189 pips off this morning. Pulling into profit on it at 13470 and leaving. Looking for 130.Trade active
Liking the bear engulfment on pound.. thinking we may fall a little short on the retracement. Would be nice if it dropped.Note
still running it short. we are below the daily trendline and many found really great buys off 132 this morning. I am still holding this for the target lower.
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