Due to our bias and involvement in the EURGBP trade, we have avoided trading the GBPUSD since it runs counters "sortof" to our trade idea.
Thus Revelation Trading has stuck to our belief by being consistent with our trade idea.
Yet today on 24th July 2017 we initiate a cover on the GBPUSD.
The GBPUSD is in an uptrend regardless of the current retracement.
What does Revelation Trading propose?
a. Aggressive GBPUSD bulls can attempt a long above 1.3030 with a stop below 1.2930
b. Tamer and riskaverse bulls can attempt a long closer to the 1.2830 with a stop below 1.2770
c. A break below 1.2750 should mean that an emergency exit is necessary.
With no key GBPUSD data level, Revelation Trading does suggest to keep a lookout on the USD related data which might affect your trade.
Actionable ideas should be made around those significant price levels marked on the above chart.
Thus Revelation Trading has stuck to our belief by being consistent with our trade idea.
Yet today on 24th July 2017 we initiate a cover on the GBPUSD.
The GBPUSD is in an uptrend regardless of the current retracement.
What does Revelation Trading propose?
a. Aggressive GBPUSD bulls can attempt a long above 1.3030 with a stop below 1.2930
b. Tamer and riskaverse bulls can attempt a long closer to the 1.2830 with a stop below 1.2770
c. A break below 1.2750 should mean that an emergency exit is necessary.
With no key GBPUSD data level, Revelation Trading does suggest to keep a lookout on the USD related data which might affect your trade.
Actionable ideas should be made around those significant price levels marked on the above chart.