GBPUSD little lower then higher with FOMC

21 Sep 2016

I believe that the correction on the daily time frame for GBPUSD isn't over yet. I will therefore be looking for a spike or move lower for GBPUSD first and then buy the reversal. If we don't see that happen I simply let it go and wait for the next high probability trade set-up. Selling out of this zone is just too risky for me and structure suggests a reversal to be next.

4hr timeframe


updates will follow