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adexadams Jul 21, 2019 6:46pm | Post# 1961

let see your new home

mbrown Jul 22, 2019 6:52am | Post# 1962

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GBPUSD: Nothing fancy.

On the close last Friday I entered the weekend with a slight bullish bias but after analyzing the PF and other tools. Probability favours a move to the downside to 2385 with a pause at 2426ish. Shorts at the current price location of 2476 with an SL at 2515 and PT at 2385 seems to be the best course of action in my humble (or not) opinion.

There is a 90% probability of today's close being above 2426 which is not the same as suggesting today's low will be 2426; if things pan out perfectly a sudden move to 2385 followed by an upside reversal with a close above 2426 would be most welcome; however, price does what it does and probabilities depend on the law of large numbers and each individual price move is 50/50 (random).
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