Trading Plan for week ahead GBPUSD 18 Jan 21
GBP has come to the levels as expected. double top rejected and GBP became weaker while money moved to Green back bringing the cable lower. here i expect there is an opportunity for a long position around 1.3650 and 1.3550.
there is a caution here, each trade should be aimed for only 50 pips with 30 pip SL which should be must. the uptrend is still intact and we have seen a healthy pull back here. moreover, the stimulus package should bring down the USD back to lows thereby confirming the uptrend in GU .
best of luck .. ill update the trade setup as and when it arises.
there is a caution here, each trade should be aimed for only 50 pips with 30 pip SL which should be must. the uptrend is still intact and we have seen a healthy pull back here. moreover, the stimulus package should bring down the USD back to lows thereby confirming the uptrend in GU .
best of luck .. ill update the trade setup as and when it arises.
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