Forex48_TradingAcademy

GBPUSD The perfect uncertainty before NFP!

Long
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
On GBP/USD, it's possible to observe that the price is currently in a state of total uncertainty, positioned precisely between two very strong zones. The first zone is located higher up, where a decline could be anticipated, and the second zone is situated lower down, where a long position could be considered. This setup has been executed by following swing low and swing high strategies with spikes and Fibonacci Volatility Grid (FVG) to identify the best reaction points. Tomorrow, the Non-Farm Payrolls (NFP) data will shake the market; until then, the entire range of the dollar, including the American, Canadian, Australian, and New Zealand dollars, is not tradable, at least if one aims for a sound risk management approach. Of course, after tomorrow's data and the opening of the New York session, it will be the opportune moment to seek entries on the dollar. Let me know your thoughts. Happy trading to all!

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