GBPUSD Long Bias after FED priced inAs we can seen in the Dollar Index, and usd pairs like USDCAD, the imminent fed rate hikes have been priced in. This means, traders have taken out profits on Friday the 3rd, and we will have a bear week for the dollar. This means, a further move to the upside is expected on the Pound.
Everyone trade safe. I'll be taking a 0.5% risk on this, to possibly make a 2.5/3%.
Have a great week all.
Dolar
USDZAR longUSDZAR is about to makenews highs this and next week!
You can see perfect bounce from demand zone based on H1 timeframe,
Fibo 50% Price Reverzal Zone (PRZ) and supportive trendline.
If USDZAR will break Structure + Resistance + Trendline, we can see big move up in next weeks.
Keeps eye on that.
For the record: USDZAR and USDMXN are only exotic pairs I trade (they make sense and are low-spreaded)
Don't forget to trade with proper RM/MM and caution.
Good luck guys.
Long term my view. IT came to upper band. amazing. I didnt thought that this will be that high... maybe over 3.10 3.15 that can be finished a small 5. wave. but the rally came to this area. amazing... dow jones rally all time... we crash. so. my view is like that. if it spikes over that trend line that will be cruel.. hope not. so .... shorting for long term from this prices will be great opportunity.. can be wrong of course.. but i am doing this.... so far i have loss..