Are you trading the Pound (GBPUSD)?
I don’t, it is currently trading near an important long term level (1.6000). And as always, when it trades around an important level we need to determine the “zone” clearly seen on the short term charts:
- Once it breaks the top of the range (1.6136), I’ll start looking for long opportunities
- Once it breaks the bottom of the range (1.5901) I’ll start looking for short opportunities.
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