GBPUSD - potential long trade in the coming day
Diupdate
Hello all - DuncanForex with another trade idea.
With NFP coming in strong on Friday and USD gaining strength - the question is:
Is this short term sentiment and will the FED support further USD strength or will the FED still suggest a rate cut and in turn will USD weaken,?
Therefore, the recent price action being a stop loss hunt before heading higher quite quickly
I have not been able to publish all my trade ideas this week - however I am currently long gold at 1393 and I expect USD weakness to now continue on other pairs.
I am looking to go long GBPUSD after reviewing my support levels - where I previously think I got in too high on the recent down move.
\I am looking for a break of the trend line and a retest prior to it heading higher
This trade may end up going through FED news tomorrow and I will review prior to the news coming out if I have open trades.
Thanks for looking
Duncan
With NFP coming in strong on Friday and USD gaining strength - the question is:
Is this short term sentiment and will the FED support further USD strength or will the FED still suggest a rate cut and in turn will USD weaken,?
Therefore, the recent price action being a stop loss hunt before heading higher quite quickly
I have not been able to publish all my trade ideas this week - however I am currently long gold at 1393 and I expect USD weakness to now continue on other pairs.
I am looking to go long GBPUSD after reviewing my support levels - where I previously think I got in too high on the recent down move.
\I am looking for a break of the trend line and a retest prior to it heading higher
This trade may end up going through FED news tomorrow and I will review prior to the news coming out if I have open trades.
Thanks for looking
Duncan
Trade aktif
Trades live - entered at 1.2460Trade aktif
Hi all - first three trades of 1.2460 I have moved my stop loss slightly closer to the entry point. I am now looking to take three more entries and then target the 6 levels highlighted in the following picture. Trade aktif
trades live and running well
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