GBPUSD Pre CPI Simple Trade Plans
CPI data expected to come in lower YOY and higher MOM.
Pre release we can look at key factors;
1. Short levels that exist now (current entry this AM) and shorts that exist at upper boundary resistance.
2. Longs that exist should we see a sharp fall.
3. Recent sentiment supporting a short side bias case for GBPUSD on a stronger USD.
Levels mentioned are ideal for exits/entries.
Pre release we can look at key factors;
1. Short levels that exist now (current entry this AM) and shorts that exist at upper boundary resistance.
2. Longs that exist should we see a sharp fall.
3. Recent sentiment supporting a short side bias case for GBPUSD on a stronger USD.
Levels mentioned are ideal for exits/entries.
Note
Hold off new shorts until higher level 2 is reached.Note
Exit some shorts for gains.
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Free Discord Secret Server:
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Posts Not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.