Strifor || GBPUSD-Fed meeting
Preferred direction: BUY
Comment: The British currency, just like the euro, saves all the parameters of a long trade that we gave at the beginning of the week. The likely drawdown may be down to the level of 1.26000, according to scenario №2. However, scenario №1 is already active. It is preferable to consider the entry method "step-by-step", that is, stretch the grid to gain a medium-term long position up to the level of 1.25000. It is unlikely that the price will go down there, but one needs to be ready for it too. This will be a very aggressive short-situation, but nevertheless, medium-term long will be relevant.
For now, we save the target at the level of 1.28000. But we also note the fact that this instrument has much higher growth prospects.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: The British currency, just like the euro, saves all the parameters of a long trade that we gave at the beginning of the week. The likely drawdown may be down to the level of 1.26000, according to scenario №2. However, scenario №1 is already active. It is preferable to consider the entry method "step-by-step", that is, stretch the grid to gain a medium-term long position up to the level of 1.25000. It is unlikely that the price will go down there, but one needs to be ready for it too. This will be a very aggressive short-situation, but nevertheless, medium-term long will be relevant.
For now, we save the target at the level of 1.28000. But we also note the fact that this instrument has much higher growth prospects.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Trade active
Trade closed: target reached
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