GBP/USD: Movement lead by news
At the moment, we see that the new Britain Prime Minister Mrs. Lizz Truss take the position as Prime Minister in UK. But the fundamental analysis in based in her clues show that she want to cut taxes, tight the UK labor market, and also she want to make a public spend to work the activity in the UK economy. But I'm very concerned that if she going to make a lot public spend and want to toughen the ahead of the UK economy, central bank and UK politic and international trade. So, I find up a trouble that in Sterling Pound, but more in the public spend that she comment and said that. But UK economy could to drag as we know that we have a high cost of living, high inflation and consumer not good. So, Mrs. Lizz Truss could to leave UK economy in the dark future and Pound could to sink like "Titanic" . This it's my insight that I found out. And also, I consider that this woman it's a bad option that will conquer the economy and sink it.
There're a lot information to read and study it this current situation what happen from yesterday in the uncertainty politic.
But now, I made a sell order entry in the market price in the morning in $1.1574 USD. Stop Loss to $1.1638 USD and my take profit fixed to $1.1375 USD. But I see a bearish setup from this point that I'm shorting, and also this was a good place that I made an analysis in my iphone.
This it's the H4 timeframe perspective!!!! And we're in the bearish movement
At the moment, this it's my 2nd analysis in this week, and I was traded AUD/CAD but continue in the bearish movement, what I loss this trade -4.77%. But at the moment, I recover this lost in this par GBP/USD over 5% for now. So, I will hold this trade until $1.1375 USD.
Good luck if you're shorting GBP/USD in my iphone simple analysis.
There're a lot information to read and study it this current situation what happen from yesterday in the uncertainty politic.
But now, I made a sell order entry in the market price in the morning in $1.1574 USD. Stop Loss to $1.1638 USD and my take profit fixed to $1.1375 USD. But I see a bearish setup from this point that I'm shorting, and also this was a good place that I made an analysis in my iphone.
This it's the H4 timeframe perspective!!!! And we're in the bearish movement
At the moment, this it's my 2nd analysis in this week, and I was traded AUD/CAD but continue in the bearish movement, what I loss this trade -4.77%. But at the moment, I recover this lost in this par GBP/USD over 5% for now. So, I will hold this trade until $1.1375 USD.
Good luck if you're shorting GBP/USD in my iphone simple analysis.
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