With current inflation, the price of the US dollar is rising. Per my analysis, the pound sterling will continue the drop against dollar. Best entry will be at the extreme level. Depending on what session you trade - London or New York - follow the price action. I use the Jon Fibs indicator to show open price. When the London/NY session opens, follow the order flow and if it shifts on smaller time frame, then there is a sell opportunity. The purple box is the area I'm looking to short. Please use your own analysis.
Happy Trading!!
This is only an idea. This information is not meant to be, and does not constitute, financial, investment, trading, or other types of advice or recommendations [/I]
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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.