See daily chart of GBPUSD below for the discussion that follows.
After trending down for a long time, GBPUSD has recently put in a higher high and a higher low… suggesting that more upside might be in store (at least in the short term). I’m waiting for a retest of support (previous resistance)… should it happen, I will look to go long if I see the relevant price action / candles as per my strategy.
Be careful trading.
Remember, 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. Stick to your stops and never 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.
Trading SOS SOS