Lenguito_Forex
Short

GBPUSD Trade idea - WHAT DO YOU THINK?

FX:GBPUSD   British Pound / U.S. Dollar
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2
The price has reached the 38.2% retracement on the 4HR Timeframe, which has nicely come into line with our 100MA... Perfect!

If price decides to break and close below the 38.2% and 100MA, look to sell and target 200MA and or 61.8%. If it doesn't break the 100MA look to buy!

Please give me your opinion on this trade.

Some fundamentals:
1.Stock are back at their recent highs today
2.Pound is one of the weakest currency of today
3.Dollar is the strongest currency of today

**Manufacturing PMI for USD will be released tomorrow**

Trade with caution!

Many thanks,
-L

Comments

61.8% Target profit hit! - Well done guys! :)
Reply
FOMC Tomorrow too! **
Reply
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