GBP USD SET UP

GBP USD SET UP

The dollar was bullish on Friday due to Biden/Stimulus news and I managed to scalp a short position during the Friday before the rally down.

Price is now consolidating and I will be waiting to see how price action plays out before confirming my bias before executing any entry/entries.

Over the coming weeks the price action should tell us whether the stimulus news was bullish temporary for the dollar or if more weakness is coming.

Happy trading.