GBPUSD Trade Plan
Cable upmov is getting into an ascending triangle. any break above 1.3775 and closure will confirm the break out of the ascending triangle and thus will trigger buys on the pair. however any clousre below 1.3571 will trigger sell orders. with massive shorts added on USD and neutral GBP in COT is confirming the buys here.
in any way we remain reactive and not anticipative. a formation of higher lows give a suggestion that buys can come in at 1.3652 levels and shorts can come in or around 1.3750. if selling the pair .. keep a strict stoploss because it is ur best freind in trading.
best of luck
in any way we remain reactive and not anticipative. a formation of higher lows give a suggestion that buys can come in at 1.3652 levels and shorts can come in or around 1.3750. if selling the pair .. keep a strict stoploss because it is ur best freind in trading.
best of luck
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