Fellow traders, We all see the massive tumble of the
GBPUSD
and cheers to those that caught it. My eyes have been elsewhere and truthfully I couldn't tell you why this move has transpired with this pair. Nonetheless if you don't have the 1.2945-1.2960 level on your short term radar you may want to run away as fast as you can, lol.
This pair is tremendously oversold and reversal is imminent. Time is the variable that needs to be discovered. NFP report for the month of September could bring this level into reach easily not to mention other pertinent news factors. So for me to consider a short I need to see this level be come reality.
GBPUSD
and cheers to those that caught it. My eyes have been elsewhere and truthfully I couldn't tell you why this move has transpired with this pair. Nonetheless if you don't have the 1.2945-1.2960 level on your short term radar you may want to run away as fast as you can, lol. This pair is tremendously oversold and reversal is imminent. Time is the variable that needs to be discovered. NFP report for the month of September could bring this level into reach easily not to mention other pertinent news factors. So for me to consider a short I need to see this level be come reality.