GBPUSD UPDATE: Continuation of buy program. Next target 1.3250
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I am looking at a continuation of the buy program that we have been in for the last few months.
This chart shows 2 zones that I will be looking at adding more buys, I am confident that we should see an extention to 1.3250 before a drop but I am managing my expectations and being reactive to price action as it unfolds.
News yesterday gave us the expected volatility and these buys are a high probability opportunity to get the GBPUSD at a cheap price.
Shorting right now would be contrary to my method and I prefer to wait for buys. As always price is a leading indicator for price itself and it will guide us.
I have taken an aggressive buy at market open but I will add more as price gets to my execution zone.
Goodluck.
This chart shows 2 zones that I will be looking at adding more buys, I am confident that we should see an extention to 1.3250 before a drop but I am managing my expectations and being reactive to price action as it unfolds.
News yesterday gave us the expected volatility and these buys are a high probability opportunity to get the GBPUSD at a cheap price.
Shorting right now would be contrary to my method and I prefer to wait for buys. As always price is a leading indicator for price itself and it will guide us.
I have taken an aggressive buy at market open but I will add more as price gets to my execution zone.
Goodluck.
Komentarz
Both trades active. lets see how far we can get.Komentarz
Taking partial profits at 150 pips! I hope everyone has been enjoying trading this pair with me. I'm leaving the rest of the position as well as all the lower level buys and see if our target gets reached.
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