Fundamentals have driven GBP/USD down to weekly support around 1.2630. Also price is close to last week's low at 1.26163. I'm expecting this area to hold the pair's fall. THIS IS BASICALLY A PULL BACK PLAY, so be cautious. I think it's worth the risk, let's see how it plays out.
Note
Both entries have been triggered. Let's see how this goes.
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If you're in, please break even.
Trade closed: target reached
First entry has hit TP. Second entry still running. don't fade my ideas folks.
Trade closed: target reached
Second entry TP hit. See you on the next one. Until then, don't fade me.
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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.