GBP/USD - Short-Term-Trade - Market Update
GBP/USD - Short-Term-Trade - Market Update
We've been seeing price be in a STRONG -Bullish- trend. Overall I can see price reaching our -27.20% Fibonacci area (About 75 PIPS away). However; I don't see my self placing any entries as of right now. What are my recommendations?
If you are in a -BUY- I recommend you still hold this pair as we are still expecting more of a upside potential. Try to modify your S/L into profit (Remember lowering your risk is crucial if you want to be trading for the long term).
If you are like me and awaiting a entry we should wait for a decent pull-back. We could have one around NY session we just have to wait and be patient.
Regarding any -SELL- I don't see one anytime soon. But that doesn't mean I won't be prepared if we do see price decreasing. If price were to manage to close -BELOW- my Minor Trend-Line I will be placing a -SELL- But I don't see that happening anytime soon.
*This is NOT a signal. We are NOT responsible for any type of losses you may encounter. For information on our Advance Training and Life-Time mentor-ship please email us at TheForexClubFX@gmail.com
We've been seeing price be in a STRONG -Bullish- trend. Overall I can see price reaching our -27.20% Fibonacci area (About 75 PIPS away). However; I don't see my self placing any entries as of right now. What are my recommendations?
If you are in a -BUY- I recommend you still hold this pair as we are still expecting more of a upside potential. Try to modify your S/L into profit (Remember lowering your risk is crucial if you want to be trading for the long term).
If you are like me and awaiting a entry we should wait for a decent pull-back. We could have one around NY session we just have to wait and be patient.
Regarding any -SELL- I don't see one anytime soon. But that doesn't mean I won't be prepared if we do see price decreasing. If price were to manage to close -BELOW- my Minor Trend-Line I will be placing a -SELL- But I don't see that happening anytime soon.
*This is NOT a signal. We are NOT responsible for any type of losses you may encounter. For information on our Advance Training and Life-Time mentor-ship please email us at TheForexClubFX@gmail.com