Woman looking stock market Data on smart phone How to trade news in Forex Gbp brexit situations Gbp/usd pair has been looking for directions since last couple of months and any news out of BOE camp really dwell too much on its recent directions but short rallies are short lived and pair is back on the recovery mode for the rest of the trading session and if you look at daily, h4 & hourly chart, this situation persists on every time frame.
For me, pair has gone through its wayward time and looking for much higher levels in coming days or even months.
Looking to short term opportunity to Buy gbpusd
I’m hereby advising a very short term low risk reward trading opportunity. I have too much for this pair to go through headwinds but for me direction on weekly is straight forward and pair has post a low on weekly and daily time frame and now short time frames has to be supportive enough to follow the rallies on higher times frames.
Buy Gbp usd @ 1.2841 Stop @ 1.2820 Target Ist @ 1.2940 Target second 1.2990 I would update the blogpost for a view on longer time frame and would like you to take or grab this low risk reward opportunity.