GBP USD SET UP
The dollar was bullish on Friday due to Biden/Stimulus news and I managed to scalp a short position during the Friday before the rally down.
Price is now consolidating and I will be waiting to see how price action plays out before confirming my bias before executing any entry/entries.
Over the coming weeks the price action should tell us whether the stimulus news was bullish temporary for the dollar or if more weakness is coming.
Happy trading.
The dollar was bullish on Friday due to Biden/Stimulus news and I managed to scalp a short position during the Friday before the rally down.
Price is now consolidating and I will be waiting to see how price action plays out before confirming my bias before executing any entry/entries.
Over the coming weeks the price action should tell us whether the stimulus news was bullish temporary for the dollar or if more weakness is coming.
Happy trading.