GBPUSD and Why Markets Rise/Fall/Stall
Updated
The GBPUSD has risen greatly after falling to extreme lows...
It was at this point you could decide.. Is the GBPUSD cheap? Am I getting a good deal? Has it fallen an extremely long way and has a low price?
If you took such information into your Brain VIA the Computer and took it long and exited for gains you made the right decision as we looked at so many times..
It is now time to decide where you will get out and where you will begin to further short the asset.
This is going to come from
A) How much the price is in value VS what it was before.
B) Is price hitting key Resistance / Price action levels (reading where Traders are Trading).
C) Is the market sentiment good bad or ugly?
Once you have factored in those three you shall have a powerful approach.
Look to lightly short as we rise to current resistance as seen way back and nearby. Use ALL timeframes for judgement of price.
It was at this point you could decide.. Is the GBPUSD cheap? Am I getting a good deal? Has it fallen an extremely long way and has a low price?
If you took such information into your Brain VIA the Computer and took it long and exited for gains you made the right decision as we looked at so many times..
It is now time to decide where you will get out and where you will begin to further short the asset.
This is going to come from
A) How much the price is in value VS what it was before.
B) Is price hitting key Resistance / Price action levels (reading where Traders are Trading).
C) Is the market sentiment good bad or ugly?
Once you have factored in those three you shall have a powerful approach.
Look to lightly short as we rise to current resistance as seen way back and nearby. Use ALL timeframes for judgement of price.
Note
Close shorts taken at noted resistance (left hand side)
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Posts Not financial advice.
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