Intra Week Sell of GBP/USD
I see an a technical turn around in pound/dollar and a sell can be initiated at current levels 1.3567 to 1.3587 area with a clear stop above 1.3630 , There are various reasons at play and we can expect price to drop initially to 1.3495 / 1.35 area and once this support breaks 1.3465 and 1.34 could be seen. Remember to trial stop to cost (or cost + 10) when trade moves your way to T1.
My future post will be simple buy or sell recommendations with clear stops as I am busy with teaching again. If you would wish to learn about how I trade / see markets please contact me to participate in live trade/teaching sessions.
Enjoy the weekend
Fayaz Sadik Sait
Trading in financial instruments is not for the weak hearted , Trading these instruments involves high level of risk and losses can exceed capital (depending on your FX Broker).My advises should be used as a medium to learn and not as a medium to get RICH.I do not have any formula for anyone to get RICH. I shall share no responsibility for anyone's profit or losses.Once again Trading is not for everyone.