GBPUSD Next Short Opportunity?
Hello Traders,
Today we will share with you guys the
GBPUSD as it seems to show soon further depreciation towards 1.21. However, it currently seems that we see more inflow of captial as the USD as a whole lost some strengths after Yellen speech on Friday. Market will very closely watch next weeks NFP on Friday next week as key driver for March rate hike. This could be decisive if we see further upwards correction or a turning towards heading south again.
Supported by a significant intermarket sign, which points a potential inflow of capital currently! This may underline this setup as it seems that market will correct a little further to the upside.
Our intermarket analysis always helps us time our trades better. We see a good timing of a potential short trade as soon as our indication hit outflow levels again. Our measurement is currently the ratio of the GBPUSD vs. INDEX:FTSE and the GBPUSD vs. Bonds. Our inter-markets indication gave good accuracy in the past for timing our trades at price relevant levels.
We will be looking for interesting entry levels and keep you updated once we see interesting turning points.
As always, trading is a probability game nobody is 100% right and always use a stop-loss when trading. Trade with care.
Cheers,
Secrets2Trade
Today we will share with you guys the
GBPUSD as it seems to show soon further depreciation towards 1.21. However, it currently seems that we see more inflow of captial as the USD as a whole lost some strengths after Yellen speech on Friday. Market will very closely watch next weeks NFP on Friday next week as key driver for March rate hike. This could be decisive if we see further upwards correction or a turning towards heading south again. Supported by a significant intermarket sign, which points a potential inflow of capital currently! This may underline this setup as it seems that market will correct a little further to the upside.
Our intermarket analysis always helps us time our trades better. We see a good timing of a potential short trade as soon as our indication hit outflow levels again. Our measurement is currently the ratio of the GBPUSD vs. INDEX:FTSE and the GBPUSD vs. Bonds. Our inter-markets indication gave good accuracy in the past for timing our trades at price relevant levels.
We will be looking for interesting entry levels and keep you updated once we see interesting turning points.
As always, trading is a probability game nobody is 100% right and always use a stop-loss when trading. Trade with care.
Cheers,
Secrets2Trade
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