Hi traders
Please see our analysis above on GBPUSD where we are expecting to see further bearish momentum.
Note we are cautious that we may see a deeper pull back however as we are only risking 1% per trade we are happy to take that risk given the risk to reward for this set up.
If this entry fails we will get the deeper correction for an even higher risk to reward.
Either way we want to see this melt to the downside.
Let me in the comments below if you are looking at GU shorts and where you think the most sensible entry is.
Trade safely and have an awesome week!
The Fx Chartist
Please see our analysis above on GBPUSD where we are expecting to see further bearish momentum.
Note we are cautious that we may see a deeper pull back however as we are only risking 1% per trade we are happy to take that risk given the risk to reward for this set up.
If this entry fails we will get the deeper correction for an even higher risk to reward.
Either way we want to see this melt to the downside.
Let me in the comments below if you are looking at GU shorts and where you think the most sensible entry is.
Trade safely and have an awesome week!
The Fx Chartist