GU weekly short Idea
Hello!
I'm a total rookie when it comes to trading, this is the first idea i'm sharing.... so you've been warned! mwah hahaha (gulp)
Would be great to see comments on this idea for a very short-term risky long position from market open to a longer-term (weekly) short from R Line.
I'm expecting NFP to be positive enough to make a difference this month... though the consensus looks a bit ambitious! 148K from 49K?? And then there's Powell as if Bojo has a direct line to help the manipulation/overvaluation of GBP... (in my basic opinion). And if BoE opens it's mouth again like it did 4th Feb which led to a short squeeze... OMD. I'm British and we are professional deceivers (we call it playing the "game" I'm not a fan).
Last week was fun tbh, especially Thursday... pity I was a fool and exited the short early because of believing a chat that said price would bounce up!! Lesson learnt there... ta mate...
Nevertheless, i'm thinking short term long to resistance zone (albeit I've stuck to a line on chart) and then short from R line. Will review after GBP figures at 9:30am GMT 01/03/2021 and again at 3pm GMT for USD PMI figure.
Note: Still learning Fib Ex so TP's a work in progress... but 50 MA in there to show sellers market on lower timeframes than a day.
Seen weekly chart and analyst FXEmpire reckons shooting star. What do you reckon?
Overall GU bearish this week (?)
I'm a total rookie when it comes to trading, this is the first idea i'm sharing.... so you've been warned! mwah hahaha (gulp)
Would be great to see comments on this idea for a very short-term risky long position from market open to a longer-term (weekly) short from R Line.
I'm expecting NFP to be positive enough to make a difference this month... though the consensus looks a bit ambitious! 148K from 49K?? And then there's Powell as if Bojo has a direct line to help the manipulation/overvaluation of GBP... (in my basic opinion). And if BoE opens it's mouth again like it did 4th Feb which led to a short squeeze... OMD. I'm British and we are professional deceivers (we call it playing the "game" I'm not a fan).
Last week was fun tbh, especially Thursday... pity I was a fool and exited the short early because of believing a chat that said price would bounce up!! Lesson learnt there... ta mate...
Nevertheless, i'm thinking short term long to resistance zone (albeit I've stuck to a line on chart) and then short from R line. Will review after GBP figures at 9:30am GMT 01/03/2021 and again at 3pm GMT for USD PMI figure.
Note: Still learning Fib Ex so TP's a work in progress... but 50 MA in there to show sellers market on lower timeframes than a day.
Seen weekly chart and analyst FXEmpire reckons shooting star. What do you reckon?
Overall GU bearish this week (?)
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.