See daily chart of GBPUSD below for the discussion that follows.
GBPUSD is approaching a resistance area that I like. I will be looking to go short if this area gets confirmed in the form of candles that I prefer. Whether price will get there this week I’m too sure; let’s wait and see.
Also note that there is nice support (not marked on chart) where price has recently bounced from. That’s an area where I will be looking for longs.
EURAUD (post from last week) did bounce from the area of interest this past week, but I never got involved. This one goes back on the watchlist for now.
Remember to always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Honor those stops and never ever bet the farm.
On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
Thanks for reading.
Thanks and Regards,
Trading SOS SOS