GBP/USD Trade Idea 17-21 Sept 2018

GBP bias is currently bullish because of last week brexit breakthrough.
So looking to buy GBP when it pulls back to the resistance area.
As usual wait for price action to confirm your long position (daily or 4 hourly).
Watch the news carefully for any brexit headline news.

ความคิดเห็น:

200 Billion tariffs on China will likely go ahead on the 24th of Sept, so we might see a pullback to our buy zone, GBP is still strong but in terms of safe haven currency, USD has the upper hand. Wait for price action confirmation signal before you enter the trade.

Safe haven currency from stronger to weaker: JPY, CHF, USD, EUR.

You can short any currency from countries that has close trade tie with China, e.g: AUD and NZD