My Current Active Open Trades: AUDUSD, EURCHF, AUDNZD, GBPNZD, XAUTHB
GBPUSD – Large Corrective Structure In Play (daily chart)
After the monster sell-off late last year, the GBPUSD has stabilized between the 21 and 27 handles forming a large corrective structure. For now, this is what you should be trading (the structure) until it breaks.
That means looking to sell towards the highs and buy on the lows IMO.
Buying interest has been strong the last 3x’s it hit 1.21 so a good risk:reward ratio available, while virtually the same on the sell side.
Only a daily close above 1.28 or below 1.20 would negate this structure.
ASX 200 – Approaching Multi-Year Resistance (weekly chart)
For the first time in …