Waiting for another dip in GBP/USD before buying
Updated
Hello traders, with nearly 70% of the retail traders long in GBP/USD,
I can definitely say that many of you are waiting for a strong uptrend
in GBP/USD.
However, 1.2224 level is a key hurdle for GBP/USD. Bulls need to break
this level for the uptrend to carry on.
That being said, I currently have no open positions in GBP/USD. My trading
plan is to buy GBP/USD if price falls to 1.2050-1.2090 zone
I can definitely say that many of you are waiting for a strong uptrend
in GBP/USD.
However, 1.2224 level is a key hurdle for GBP/USD. Bulls need to break
this level for the uptrend to carry on.
That being said, I currently have no open positions in GBP/USD. My trading
plan is to buy GBP/USD if price falls to 1.2050-1.2090 zone
Note
As expected price has dropped
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