GBP/USD
The Pound also fell down and broke down the previous local consolidation. Despite the confident downward move, which is a good bearish signal, volume on the market is low, so we can't highlight any new volume level or zone. It makes trading the Pound more difficult as there is no a good place for a stop loss.That's why we need to wait for the appearance of large volume on the market and a creation of a new volume level, that can be used in trading as a reliable place for a stop loss.While volume on the market is low, we should skip this currency pair from our trading plan.
The bottom line: short positions are in priority
The Pound also fell down and broke down the previous local consolidation. Despite the confident downward move, which is a good bearish signal, volume on the market is low, so we can't highlight any new volume level or zone. It makes trading the Pound more difficult as there is no a good place for a stop loss.That's why we need to wait for the appearance of large volume on the market and a creation of a new volume level, that can be used in trading as a reliable place for a stop loss.While volume on the market is low, we should skip this currency pair from our trading plan.
The bottom line: short positions are in priority
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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.