Closed GBPUSD @ + 52 pips, because we were expecting a reversal to correct the price.
We looked at the CADJPY for a potential reversal trade, but the price failed to offer us an entry. The GBPUSD eventually broke the valid pullback level, creating a structure that will determine what we are going to do next. The USDJPY is in a downtrend. We have seen the price make the 3rd cycle down. The next expectation is a discount. A bullish reversal before the next wave of selling can be expected.
We looked at the CADJPY for a potential reversal trade, but the price failed to offer us an entry. The GBPUSD eventually broke the valid pullback level, creating a structure that will determine what we are going to do next. The USDJPY is in a downtrend. We have seen the price make the 3rd cycle down. The next expectation is a discount. A bullish reversal before the next wave of selling can be expected.
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.