Long GBP again, if you missed the first entry. RR 1:3.5
Technically oversold bounce. After this, I expect more continuation downside.
Tight stop loss play. Risking 0.1% to make 0.35% profit. I have other trades already open with wider stops and larger position size, that is why this is relatively small.
Fundamentally, GBP is poised for a strong rally into the 1.50 area.
However, technicals tend to take precedent in the short term.
Tight stop loss play. Risking 0.1% to make 0.35% profit. I have other trades already open with wider stops and larger position size, that is why this is relatively small.
Fundamentally, GBP is poised for a strong rally into the 1.50 area.
However, technicals tend to take precedent in the short term.
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