Overall Trend & Context:
The pair is in an overall downtrend on the higher time frames and we are now waiting for the lower time frames to shift in accordance with the narrative.
Technical Findings:
Price is at a daily level of supply (as well as refined zones down to the 15m & 5m)
LTF oversold conditions.
We could still see further upward movement so will wait for either a break at 1.03650 or for our
GBPUSD trade to run into profits (or both).
Potential Scenarios:
For now I will only be considering shorts.
Risk accordingly and be safe for CPI today.
The pair is in an overall downtrend on the higher time frames and we are now waiting for the lower time frames to shift in accordance with the narrative.
Technical Findings:
Price is at a daily level of supply (as well as refined zones down to the 15m & 5m)
LTF oversold conditions.
We could still see further upward movement so will wait for either a break at 1.03650 or for our
GBPUSD trade to run into profits (or both).Potential Scenarios:
For now I will only be considering shorts.
Risk accordingly and be safe for CPI today.
Trade attivo
I've entered a small position at 1.03730 based on current price action. This will act as a feeder position and if it goes in our direction we can add more lots along the way.Trade chiuso: obiettivo raggiunto
Didn't have time to re-enter so closed up shop for a 4% gain on this one. 
Pubblicazioni correlate
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.