Hello traders, with nearly 70% of the retail traders long in GBP/USD,
I can definitely say that many of you are waiting for a strong uptrend
in GBP/USD.
However, 1.2224 level is a key hurdle for GBP/USD. Bulls need to break
this level for the uptrend to carry on.
That being said, I currently have no open positions in GBP/USD. My trading
plan is to buy GBP/USD if price falls to 1.2050-1.2090 zone
I can definitely say that many of you are waiting for a strong uptrend
in GBP/USD.
However, 1.2224 level is a key hurdle for GBP/USD. Bulls need to break
this level for the uptrend to carry on.
That being said, I currently have no open positions in GBP/USD. My trading
plan is to buy GBP/USD if price falls to 1.2050-1.2090 zone
Note
As expected price has dropped
Disclaimer
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.
Disclaimer
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.