GBPUSDDXY This was posted 20-30 minutes ahead of NEWS in the P-group!
The ISM Services PMI came in at 52.8, which is lower than the forecast (54.3) and the previous (54.0).
A weaker-than-expected PMI suggests slower growth in the U.S. services sector, which is bearish for the USD. GBP/USD is likely to rise as the dollar weakens.
Now we are looking a bearish consolidation on the LTF and a Strong Bullish Trend on the HTF. The shorts we had marked a breakeven with news and our pre positioned LONGS from early sessions & SWINGS are running ahead (Partails taken at great number of pips ) & with a Plan B to short below key levels if things change.
All we need to do is wait and let it play out.
The once are taking out losses are not understanding where to position your SLs and how to manage multiple positions / Hedge or even to read news data.
GBPUSD anyone heard about BP the new rates that are going to be released tomorrow? have not been able to follow lately. perhaps they dropped hints...⬇️
GBPUSD had enough this week crap trading. if you dont get in at exactly the right point then you either get stopped out or you just cannot enter. doing my head in.
GBPUSD I expect the crude oil inventories to push price down to 1.24877 and maybe 1.24628 even though its medium impact news. Still holding my position from earlier.