It's no secret GBPUSD has been bullish lately and might say the bulls still have a room and I absolutely agree. But after my analysis I have come to a conclusion that we might see bears taking off next week and possible the week after too. in the next 2 weeks we might see a great retracement to the downside until price reaches around 1.3150, which is where I'm planning to take my long trade at.
Right now I'll look for an opportunity to capitalize on this fall I'm seeing happening. 4 Hour timeframe will be a good one to spot that opportunity. One thing you must note is that I won't force trade just because it'll go down but I'll look for an opportunity that'll fit with my risk management criteria and align with my entry rules. Got a question? Share it below.
Right now I'll look for an opportunity to capitalize on this fall I'm seeing happening. 4 Hour timeframe will be a good one to spot that opportunity. One thing you must note is that I won't force trade just because it'll go down but I'll look for an opportunity that'll fit with my risk management criteria and align with my entry rules. Got a question? Share it below.