GBPUSD > Trading Prediction and Expectation!!
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Analysis up on #GBPUSD
Hello friends.
Now the market is open and prices do not necessarily represent what traders want, this is the case usually for Monday open market, in fact, i would say that most of the time we should not trade on Monday.
Looking at the chart the market came to what I call the action zone, where traders sold the market before, look left and see what i am talking about.
If the market came to test the high again and provided a reason to short this market with good risk to reward I would likely get in a short trade, it will be a small range of only 30 pips.
If the market break and closes above the resistance level " action zone" would be better for a buy trade and that will give me a much bigger range of 70 pips.
Safe trading everyone
Check today analysis below⠀
>> "The goal of a successful trader is to make the best trades. Money is secondary"
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Analysis up on #GBPUSD
Hello friends.
Now the market is open and prices do not necessarily represent what traders want, this is the case usually for Monday open market, in fact, i would say that most of the time we should not trade on Monday.
Looking at the chart the market came to what I call the action zone, where traders sold the market before, look left and see what i am talking about.
If the market came to test the high again and provided a reason to short this market with good risk to reward I would likely get in a short trade, it will be a small range of only 30 pips.
If the market break and closes above the resistance level " action zone" would be better for a buy trade and that will give me a much bigger range of 70 pips.
Safe trading everyone
Check today analysis below⠀
>> "The goal of a successful trader is to make the best trades. Money is secondary"
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
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