As title suggest, I'm currently bearish on GBP, but last Friday's fight-back was really upbeating. Looking onto weekly and daily chart, it did leave a valuable mark which to me is opening a possibility of reveresal against the newly formed downtrend (although it's an early talk).
The setup is based on 2H TF so I expect it either SL or TP whatever achieves in max a day's time. I don't expect much US session change that's why I would consider a long trade instead of following the main trend. Trade with care. :)
NOTE: This is my analysis for my own trade so please follow your own analysis & risk management. GL.
The setup is based on 2H TF so I expect it either SL or TP whatever achieves in max a day's time. I don't expect much US session change that's why I would consider a long trade instead of following the main trend. Trade with care. :)
NOTE: This is my analysis for my own trade so please follow your own analysis & risk management. GL.