After sharing with you guys last week, what I would be looking at on the EURUSD, sharing the scenarios I will be looking at this week on GBPUSD.
After a very interesting looking weekly candle on this pair, I have an overall bearish biais that already started benefiting me last friday with a 2 targets winner (+215 pips & total 5,83 Risk to Reward ratio).
There are a few levels of support and resistance level I will keep an eye where I will look for entries, with an extra closer look to the most recent resistance level which got broken last week and price approuched it after last friday's selloff on the GBP.
At the level I will be looking either for a rebound and will look to buy for a continuation to the upside; or for selling opportunities if price happens to break back below that level.
Will post an update and a review at the end of the week with how trading went on this pair.
Wishing guys a great week in the markets. Plan YOUR trade and trade YOUR plan!
After a very interesting looking weekly candle on this pair, I have an overall bearish biais that already started benefiting me last friday with a 2 targets winner (+215 pips & total 5,83 Risk to Reward ratio).
There are a few levels of support and resistance level I will keep an eye where I will look for entries, with an extra closer look to the most recent resistance level which got broken last week and price approuched it after last friday's selloff on the GBP.
At the level I will be looking either for a rebound and will look to buy for a continuation to the upside; or for selling opportunities if price happens to break back below that level.
Will post an update and a review at the end of the week with how trading went on this pair.
Wishing guys a great week in the markets. Plan YOUR trade and trade YOUR plan!
Will be posting next week's scenarios tomorrow or on monday.
Have a great weekend!