I see a technical bounce on GBPUSD from the red zone.
It is 100% technical as I want to be short on USD this week.
Beware of all the Fed speech this week especially US Fed Chair Powell Speech.
If Powell signals that market is overreacting and we are not at rate peak at the moment, we could see some USD strength back in the market.
The GBPUSD trade I won't hold long term
It is 100% technical as I want to be short on USD this week.
Beware of all the Fed speech this week especially US Fed Chair Powell Speech.
If Powell signals that market is overreacting and we are not at rate peak at the moment, we could see some USD strength back in the market.
The GBPUSD trade I won't hold long term
Order cancelled
Missed my entry by 2 pips and dropped 30+ pips.
I am cancelling the trade, Hopefully someone got him and took some pips
Note
Hate when that happens....
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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.