Here’s where you can discuss anything related to GBP/USD. News, trade setups, updates, or just about anything about GBP/USD you want to discuss with others!
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I am short on gbpusd. Who else is? I’ll close at the end of the day.
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i was but i took my 150 pip float still expecting to drop more maybe?
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After some mild correction, it could continue going downwards.
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What is the strategy you use?
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It’s a mixture of technical formations and fundamental suppositions. I was wrong actually on several occasions in the past 2 months, but at this very moment, it looks like the pound is headed down. Traders could gain 300 pips in the next 2 weeks.
Further decline is still mildly in favor . On the downside, break of 1.1960 will resume the fall from 1.2446, as the third leg of the corrective pattern from 1.2445, to 1.1840 support, and possibly below. On the upside, though, break of 1.2192 will resume the rise from 1.1960 to retest 1.2445/6
i am long.
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i was short…closed now.