GBPUSD- Neutral @ this time- take your CUE's on hourly charts!!
Noted on 1 M GBPUSD a very large UNDECIDED red Doji that happened this month. I will continue to monitor the hourly charts to confirm what direction the current trend is to trade on smaller time frame trades.
PA has not been this low with a last PA of 1.36599 noted on chart, since 01/2009 to 3/2009 on chart. In my opinion keep trading to bearish side, but keep an EYE on hourly chart for remainder of this year to keep trading with TREND. Be flexible with trading, just like LIFE---- Plan "A" most of the time doesn't work, trade with PLAN that is successful.
Have a nice weekend & trade SMART, which is always Quality trading not Quantity trading, which is not low risk. Always, watch Price Action and for money management reasons--- Note on charts Support and Resistance areas.
PA has not been this low with a last PA of 1.36599 noted on chart, since 01/2009 to 3/2009 on chart. In my opinion keep trading to bearish side, but keep an EYE on hourly chart for remainder of this year to keep trading with TREND. Be flexible with trading, just like LIFE---- Plan "A" most of the time doesn't work, trade with PLAN that is successful.
Have a nice weekend & trade SMART, which is always Quality trading not Quantity trading, which is not low risk. Always, watch Price Action and for money management reasons--- Note on charts Support and Resistance areas.