GBPUSD DAILY TRADE IDEA UPDATE
Updated
Hi all
The US CPI data supported the previous trade plan's rejection at level 1.22703, and the GBP data today shows another decline. A positive US Core Retail Sales m/m result tonight may enable this support level of 1.20472 to be tested.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
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The US CPI data supported the previous trade plan's rejection at level 1.22703, and the GBP data today shows another decline. A positive US Core Retail Sales m/m result tonight may enable this support level of 1.20472 to be tested.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
Note
can next H4 support hold?
Note
some gbpusd updates The price managed to break three support levels last week before ending at level 1.1914 and pulling back to the prior level of support. From a price action standpoint, the price must break through level 1.20733 to go higher or it will drop once more. So, would this week end with another bear or a bull?
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