GBPUSD Outlook 2/12

CPI this week on tuesday, this is a preliminary outlook. but I wont be trading till after CPI so this may not be relevant come NY session tuesday. However I am expecting dollar strength and therefore weakness in XXXUSD pairs.

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bought GU. forgot to post at entry. DXY weakness and buyside capture is supporting factor on this.

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15min FVG can send price down, but what we would like to see is price trade through it, then return to it then continue upwards.

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ive decided to give it more room. SL back in risk.

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back at break even. wont mess with SL any more besides moving into profit.

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she's getting healthy. moved TP1 down a few pips to take risk off not getting my exit.

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it is decision time as price trades to the daily open. if it is a red day price will reject and make another low. if it is a green day price will trade through and continue upwards. If i were a more risk averse trader I would take first profits here.

But alas.

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pretty high degree of confidence price makes it back to pre-news levels. taking out all the bad positions chasing the news drop. hopefully keeps pushing past. DXY rejecting off a daily OB.

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added a demo position here.

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SLs moved to the most recent OB

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Taken out break even on add. still in original.

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taken out small profit. it is what it is. looks like its a red day.

akhena10fx

Let the algo show you its hand.

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akhena10fx

Let the algo show you its hand.

Also on: