GBPUSD stacking up before the elections on December 12, smart money is already in.
Speculative long positions have already accumulated into the build-up to the event.
Price pullbacks might occur as profit takers may start to cash in, and the US dollar can likely continue to perform and be an additional roadblock for the bulls.
This pair is highly volatile, position sizing is a must.
Speculative long positions have already accumulated into the build-up to the event.
Price pullbacks might occur as profit takers may start to cash in, and the US dollar can likely continue to perform and be an additional roadblock for the bulls.
This pair is highly volatile, position sizing is a must.
Trade active
Trade closed: target reached
Comment:
+300pips profit