GBPUSD
Pound break downward wedge trend yesterday, it shows it need a correction to 1.2900 or more to 1.2880.
In the weakness trend, GBPUSD may not have chance to bounce up, so u may not got nice price to short.
The best strategy is follow the time, not the price, according to market timing law, the chart time around at 08:00~08:30 will be the reversal time zone for short position today.
In best scenario for downward trend, GBPUSD won't rise above 1.2962. If GBPUSD rise above 1.2962, then the downward energy will be mitigate, so the strategy target will need to elevate.
Trade stängt manuellt:
GBPUSD rising above 1.2962 in Euro time, so pound will not have chance to challenge low today. Just close the position for little profit.