Strifor || GBPUSD-Week Starting
Updated
Preferred direction: BUY
Comment: The British currency is also on the bullish list, after the significant strengthening of the US dollar over the past week. Such a strong drop was caused by an attempt by market buyers to buy off the bottom of the market, and in turn, a limit seller was actively working on the market, pushing the price down and liquidating buyers.
The chart presents two main scenarios. Growth prospects in both cases are located at the level of 1.28000 and scenario №1 is more likely. Scenario №2 will be a very aggressive maneuver from the seller’s point of view, but we cannot exclude it either, and we will confidently continue to increase purchases towards the specified goal. We pay attention to risk and money management when planning this kind of mid-term trades (no entry “for full deposit” and be sure to calculate the total risk for all positions from the very beginning before the trade).
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: The British currency is also on the bullish list, after the significant strengthening of the US dollar over the past week. Such a strong drop was caused by an attempt by market buyers to buy off the bottom of the market, and in turn, a limit seller was actively working on the market, pushing the price down and liquidating buyers.
The chart presents two main scenarios. Growth prospects in both cases are located at the level of 1.28000 and scenario №1 is more likely. Scenario №2 will be a very aggressive maneuver from the seller’s point of view, but we cannot exclude it either, and we will confidently continue to increase purchases towards the specified goal. We pay attention to risk and money management when planning this kind of mid-term trades (no entry “for full deposit” and be sure to calculate the total risk for all positions from the very beginning before the trade).
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for boost and share your views!
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