simple setup - last long entry
I'm making a super red week since yesterday, so if you are not confident please do not follow on this one.
GBP is touching it's 50M on weekly, which I believe big buyers will kick in (I was expecting it happen on 200MA daily, but unfortunately no buyers showed up).
Please be aware although lower TF RSI are all oversold, pound is pretty weak at the moment, so I'm not sure whether any buyers will favor pound against the heaven currencies.
Only small lot size in this trade if activated. GL
If this level holds, it may finally start a decent retracement. If not - downhill it goes. So this is my last long trade, if fails, I'll watch GBPUSD till it gets to a point with buying/selling opportunities.
GBP is touching it's 50M on weekly, which I believe big buyers will kick in (I was expecting it happen on 200MA daily, but unfortunately no buyers showed up).
Please be aware although lower TF RSI are all oversold, pound is pretty weak at the moment, so I'm not sure whether any buyers will favor pound against the heaven currencies.
Only small lot size in this trade if activated. GL
If this level holds, it may finally start a decent retracement. If not - downhill it goes. So this is my last long trade, if fails, I'll watch GBPUSD till it gets to a point with buying/selling opportunities.
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