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GBPUSD TO START SHORTING HARD I do expect GBPUSD to really start shorting from entry postion, ill tag below this trade. I dont think its a good idea to BUY GBPUSD or any XXXUSD pairs, as we have both PMI & PPI news data realsed we should have a one way direction, which i think its SHORTS for XXXUSD pairs.
GBPUSD SHORTS Now that CPI and PPI news are realsed this week, i think its clear to pick a direction for XXXUSD pairs. I do execpt GBPUSD to short really hard after these news data has beeen realised lets see how these trade play out. I also have EURUSD shorts on previous idea.
i fully expect to be out this trade for FRIDAY 7pm UK.
EURUSD LONG AWAITNG PPI NEWS So I do now believe PPI would be our fundamental driver to EURUSD longs and take this trade 100-150pips high, I do expect by the end of the week EURUSD to close 200pips plus from the last entry I got in.
To be on the safe side ill be closing in the 100-150pips side of this trade. SO far PMI USD news has indicated XXXUSD to pair to long.
Lets see how this trade plays out.
EURUSD LONG I do expect EURUSD to long really hard through the rest of the week. Now that PMI numbers are out this should be the direction for EURUSD through the rest of the week. The XXXUSD pairs should correlates in their slight ways.
EURUSD SIGNAL
SL @ 1.06945 (-30pips)
TP @ 1.08789 (+150pips)
1:4.5 RR