GBPUSD | Perspective for the new week
Following multiple rejections of the bearish trendline (daily timeframe); the Pound seems to be initiating a tumbling move after multiple downbeat data releases to set the tone for a possible risk of further decline in price in the new week. In this video, I was able to identify the structure that emphasizes my bearish bias for the week.
Last week's update on the GBPUSD is here 👉🏽👉🏽
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Last week's update on the GBPUSD is here 👉🏽👉🏽
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active:
I have missed this entry here! I will have to wait for a new structure
Good morning
Good morning
Trade active:
With the current structure showing signs of reversal set up right around the 1.21200 zone; I am having entries below this zone with a minimum of 200pips profit projection.
Good morning
Good morning
Trade active:
Just as expected, moving stop loss to break even
Trade active:
Its 80pips in profit; locking in some more profit
Comment:
Opting out of all USD trades and coming back after market settles.
FOMC!
FOMC!
Trade smart. Trade consciously
Good afternoon