THIS WEEK WE HAVE SEEN POUND STRENGTH, USD STRENGTH AND CAD WEAKNESS, PROVIDING US WITH SOME GREAT TRADING OPPORTUNITIES. THE MARKETS ON A DAILY TIMEFRAME ARE NOW SHIFTING, SO WHAT'S NEXT?
FOR ME WITH THE BREAKOUT OF POUND I AM POUND LONG UNTIL BREXIT. I HAVE DIVED INTO THE SMALLER TIMEFRAMES OF 1HR AND 4HR AS THERE IS TOO MUCH RISK IN TRADING IT DAILY AT THIS CURRENT MOMENT IN TIME.
THIS SETUP IS GBP/NZD AT THE MOMENT IS THE CLEANER OF THE POUND PAIRS WITH REGARDS TO 4HR CYCLES. WE HAVE HAD A BREAKOUT OF RESISTANCE, NOW COMING DOWN TO TEST TO SEE IF WE CAN GET SOME SUPPORT FROM THIS AREA. JUST WAITING FOR PRICE ACTION AND TAKE THIS LONG.
FOR ME WITH THE BREAKOUT OF POUND I AM POUND LONG UNTIL BREXIT. I HAVE DIVED INTO THE SMALLER TIMEFRAMES OF 1HR AND 4HR AS THERE IS TOO MUCH RISK IN TRADING IT DAILY AT THIS CURRENT MOMENT IN TIME.
THIS SETUP IS GBP/NZD AT THE MOMENT IS THE CLEANER OF THE POUND PAIRS WITH REGARDS TO 4HR CYCLES. WE HAVE HAD A BREAKOUT OF RESISTANCE, NOW COMING DOWN TO TEST TO SEE IF WE CAN GET SOME SUPPORT FROM THIS AREA. JUST WAITING FOR PRICE ACTION AND TAKE THIS LONG.