I see a lot of traders losing in situations like this.
Thats why its important to watch fundamental developments and news.
Because waves and all the chart analysis of this world, can give you a bias but no more.
My bias is GBP bullish because of technical analysis, but this does not mean that it will rally
directly just because i see it so.
What will make it rally or fall are new developments, BOE, FED, Carney, Yellen, Brexit news.
Thats why i will keep my eyes and ears open to see if there are developments
that will catch my eyes to jump on the train and trade it towards 1.30.
No need to guess where the move will start, simply trade it when it starts
there are enough pips on the table and you wont have a headache and miss the move
because you got frustrated waiting for your position to turn green.
Thats why its important to watch fundamental developments and news.
Because waves and all the chart analysis of this world, can give you a bias but no more.
My bias is GBP bullish because of technical analysis, but this does not mean that it will rally
directly just because i see it so.
What will make it rally or fall are new developments, BOE, FED, Carney, Yellen, Brexit news.
Thats why i will keep my eyes and ears open to see if there are developments
that will catch my eyes to jump on the train and trade it towards 1.30.
No need to guess where the move will start, simply trade it when it starts
there are enough pips on the table and you wont have a headache and miss the move
because you got frustrated waiting for your position to turn green.
