DAY 18: YOU LEARN,YOU LOSE AND YOU LEARN MORE.
I'd say it has been an excellent week but I don't have tomorrow performance to support my statement.We still have more data tomorrow,NFP,which has very strong impact on monthly performance.
Today we received rate cuts on the pound which sent it to the ground but for a few hours. I lost 30 pips on a buy @ 1.25 after the pound sunk to daily lows at 1.235. Since then the pound has recovered remarkably as investors seem focused on NFP more than the predictable rate cuts.
Waiting on tomorrow to know whether we will break weekly highs @ 1.25400 or use that price as a rebound level towards lower levels @ 1.1900.
Today we received rate cuts on the pound which sent it to the ground but for a few hours. I lost 30 pips on a buy @ 1.25 after the pound sunk to daily lows at 1.235. Since then the pound has recovered remarkably as investors seem focused on NFP more than the predictable rate cuts.
Waiting on tomorrow to know whether we will break weekly highs @ 1.25400 or use that price as a rebound level towards lower levels @ 1.1900.
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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.