Now, before the interest rate decision from the BOE, I have shown that the price in GbpUsd can fall to the 1.2257 zone and that from there it can find support and start targeting north. Price went down to 1.2270 area but not to 1.2257 and again I wrote that I don't trust it and wait for price to reach 1.2257 before buying. If you as traders do not make decisions under such circumstances, then you are in the wrong place, you were served a trading plan and still did nothing (1 person did). Trading doesn't suit everyone but for those who do...... it's infinite gold rough.
I make profit almost each time, and trying to share. Sorry guys cant help you if you are not able to help yourself.
Now, before the interest rate decision from the BOE, I have shown that the price in GbpUsd can fall to the 1.2257 zone and that from there it can find support and start targeting north. Price went down to 1.2270 area but not to 1.2257 and again I wrote that I don't trust it and wait for price to reach 1.2257 before buying. If you as traders do not make decisions under such circumstances, then you are in the wrong place, you were served a trading plan and still did nothing (1 person did). Trading doesn't suit everyone but for those who do...... it's...
Ignored
Your post are great direction for traders. Thank you
Hello traders, We decide not to trade Mondays and Fridays to be able to analyze the market correctly and keep our powder dry, choosing Tuesday-Wednesday as the best hunting days and ending it with Thursday.
We expect some retracement on Gold, WTI, UsdJpy, EurUsd, and even the weak Gbp may do the same.
The market action is based on the weak statement from both BOE & ECB (well BOE worst) as they get their opportunity to show more hawkish but that didn't happen, simply they failed to convince the market, then we get the strong NFP numbers which made things worst for the both Eur and Gbp, while Fed make it clear that they are going to continue raising in next meetings. I believe that the market did price this now and it owns the way to make some corrections at least for now.
