For this week trading, i would prefer looking for buying opportunities on all foreign currencies reason for this is simply. DXY Dollar index has shown significant signs of weakness from last week trading very bearish. if the dollar index is trading lower, its reasonably to expect GBPUSD to trade bullish since they are corelated.
Although am bullish but its preferable for price to trade lower and attack the sellside liquidity before we expect any form of a sustain price run higher to reach for the buyside lquidity.
This is just a trading idea. stay safe
Although am bullish but its preferable for price to trade lower and attack the sellside liquidity before we expect any form of a sustain price run higher to reach for the buyside lquidity.
This is just a trading idea. stay safe
Trade active
Am taking partials hereTrade closed manually
am closing all my remaining positions in profit. i prefer not to hold my current position simply because we have NFP news tommorow.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.