1.9280 target
GBP/USD trading
- Thread starter nik1033
- Start date
gbp PPI will come in strong. best time to run stops is now to 1.9280 then reverse for a test of 1.9380 and higher.
carry trade unwind pressure.
gbp getting ready to make a intraday push up currently at 1.9322 another test of 1.9380.
yup, i was stopped out of my short yesterday.
but i'm definitely not prepared to get long at this point.
i'm going to wait and see what happens today. today is probably when it finally crumbles downward but at this point my risk/reward is no longer good based on overnight price action.
i still have a short bias on this even though i no longer have my position.
but i'm definitely not prepared to get long at this point.
i'm going to wait and see what happens today. today is probably when it finally crumbles downward but at this point my risk/reward is no longer good based on overnight price action.
i still have a short bias on this even though i no longer have my position.
if your watching it, lot of people gap trade this pair, a lot of followthrough on gaps today. some days the gaps are traps not today.