GBPUSD : Short-Term Trading Strategy
On daily chart I mentioned it is now in downtrend or correction movement with the rebouncing of usdollar and dovish speech.
If some one shows interest in short term trading with good risk-reward ratio, u may consider to take anti-trend trade, trying to capture the retracement of the pair and take profit quickly.
On 1h chart, there is a bullish cypher pattern of pound at 1.3100, near 1.3090 I mentioned before, price may get some support temporarily.Watch the price action there.
Enjoy if u like.
If some one shows interest in short term trading with good risk-reward ratio, u may consider to take anti-trend trade, trying to capture the retracement of the pair and take profit quickly.
On 1h chart, there is a bullish cypher pattern of pound at 1.3100, near 1.3090 I mentioned before, price may get some support temporarily.Watch the price action there.
Enjoy if u like.
Comment:
Approaching 1.3090, consider to buy dip , watch levels at 1.3060,1.3030
Comment:
Nice shot if u long at D point
