GBP/USD trading

Yeah, I think it is sort of consolidating. If you look at an hourly chart you'll see that it is sort of hanging around the 2.000-2.0030 level. If it hits above 2.0050 we could see more move to the upside but if it hangs around 2.0000 for too long it certainly as the potential to fall below, especially since everyone at that point will short and bring the market down and take out a bunch of stops....
 
i might be getting in too early but....

got long some at 2.0015 and 2.0020.

just in case i'm wrong i set my stop relatively tight...

stop in 1.9970 area; limit in 2.0095 area

based on daily chart and 4-hr charts
 
Quote from risktaker989:

i might be getting in too early but....

got long some at 2.0015 and 2.0020.

just in case i\'m wrong i set my stop relatively tight...

stop in 1.9970 area; limit in 2.0095 area

based on daily chart and 4-hr charts
More...
 
You must log in or register to reply here.
Back
Top