Random trade idea on GBPUSD .. I have no clue about FX. DYOR.
Purley based on DXY bias, S/R and PA patterns
Purley based on DXY bias, S/R and PA patterns
Trade active
Comment:
If dxy turns at daily support, this might retrace, so just keep eye on things and don't let it retrace to entry
Comment:
Nice rejection on the 1hr trend. Not sure why GBP is having strength .. apparently some deal signed ? cause dxy is not really showing weakness
Comment:
ignore the DXY part. just notices bearish rejection of trend
Comment:
not looking good
Comment:
ISM report coming out hot is not good for this trade.. pushed $ up,
but lets see.. maybe GBP will follow
but lets see.. maybe GBP will follow
Trade closed: stop reached:
I was really hopping EU/GBP will have more strength over $. but allas, Trading is fun