GBP LONG but there are some pitfalls
Updated
Obviously I think the dollar has peaked, but the "smart money" won't make it so easy for the average player to enter, and from what I've seen, they will try to wipe out as many long stops as possible before any significant rally, so from today's meeting to tomorrow's NFP this is how I imagine it will go
Note
This trend may apply to any non-US currency pair and XAU/XAGPS:If there is a rise after tonight's rate announcement, perhaps the situation will be more complicated
Trade active
There is a magic trick called "Misdirection", which means that something will always happen, but never at the moment you think it willTrade active
Wait for pinbar to appear and enterTrade active
enter SL 1.105 TP 1.2Trade active
Manually profitable one-half of the position, because rising too fast is not a good thing,he looks more like a trap
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