As I re-entry to $1.2117 USD, i'm shorting Sterling Pound recover my loss, but at the moment, I'm in profit with 58 pips. This manipulation movement was when in the early hours the UK Consumer Price Index raise 10.3 vs the forecast 9.8%, indicating optimism in the consumer trending and purchase against the UK inflation. But in another way, we have bad news in UK economic news that it's making a deep impact in the inflation and another economical metric that affect UK economy that will need monitoring it.
Now, talking about the H4 technical analysis, we see a strong sell pressure right now that Pound it's drag in front of U.S. Dollar, what we could to expect a bearish movement to $1.1940 USD as based the fundamental news and also the Daily analysis in my perspective. If Pound reach $1.1940 USD before that Forex market closed up on Friday at 5:00 pm (U.S. Eastern Time), It's fine, or not, depending the market price, I will closed up manually this trade. But we have this opportunity shorting Pound. Also, I identify that this zone at $1.2140 USD was a sell smart point that I didn't identify, but as today the movement was manipulated, and there was liquidation in the trades, so, institutional up the price and then made this sell pressure.
So guys, this it's all for now!!!
If you're shorting Pound above $1.2110 USD, you're in profit for now!!! And I change my target to $1.1940 USD.
Also, I will share my Daily analysis here and my past trade in AUD/CAD that I got profit earning 6.03% shorting AUD/CAD
Good luck in this trade
Now, talking about the H4 technical analysis, we see a strong sell pressure right now that Pound it's drag in front of U.S. Dollar, what we could to expect a bearish movement to $1.1940 USD as based the fundamental news and also the Daily analysis in my perspective. If Pound reach $1.1940 USD before that Forex market closed up on Friday at 5:00 pm (U.S. Eastern Time), It's fine, or not, depending the market price, I will closed up manually this trade. But we have this opportunity shorting Pound. Also, I identify that this zone at $1.2140 USD was a sell smart point that I didn't identify, but as today the movement was manipulated, and there was liquidation in the trades, so, institutional up the price and then made this sell pressure.
So guys, this it's all for now!!!
If you're shorting Pound above $1.2110 USD, you're in profit for now!!! And I change my target to $1.1940 USD.
Also, I will share my Daily analysis here and my past trade in AUD/CAD that I got profit earning 6.03% shorting AUD/CAD
Good luck in this trade
We're in profti in the first trade, only put a break eve to$1.2097 USD protect your pips, I'm protected with 21 pips in earnings in case that the price make reversal the price, Also, I put a 2nd trade in the market price of $1.2051 USD in GBPUSD with SL to $1.2097 USD and take profit in $1.1940 USD in both trades.
Good luck!!!
This it's my quickly update, and if you don't entry, note that you get a 2nd opportunity to sell GBP/USD