Hello,
I'm posting this idea for you, a long trade.
So in my opinion GBP is in more good shape and stronger that USD, also the weak financial information from USA make me to think that this trade is a good trade for us.
As you know, in the first friday of the month we will have NFP news and in my opinion we will see an other shot in USA economy.
If we watch all financial data from USA we will see only bad news for USD.
Let's take a look on the technical levels for this pair.
On the weekly chart this pair is now at 1.24530, at 1.24600 we have a 50.0 level, I will enter in this trade only if on our 1 hour time frame candle will close in our favor.
I will take my profit at 1.25000 and have my SL at 1.24300.
Have a nice day and stay close, I will posting also other ideas.
Please support me with a like and even a follow .
I'm posting this idea for you, a long trade.
So in my opinion GBP is in more good shape and stronger that USD, also the weak financial information from USA make me to think that this trade is a good trade for us.
As you know, in the first friday of the month we will have NFP news and in my opinion we will see an other shot in USA economy.
If we watch all financial data from USA we will see only bad news for USD.
Let's take a look on the technical levels for this pair.
On the weekly chart this pair is now at 1.24530, at 1.24600 we have a 50.0 level, I will enter in this trade only if on our 1 hour time frame candle will close in our favor.
I will take my profit at 1.25000 and have my SL at 1.24300.
Have a nice day and stay close, I will posting also other ideas.
Please support me with a like and even a follow .