GPBUSD short position from 1.298 10+ days expectancy
I believe that during the next 10 days GBP/USD will swing lower.
Midterm gbpusd has been in a stable range bouncing between 1.30 and 1.28. I think that this is due to uncertainty in the market as of what will happen during the election. Different news on different days moves the market either up or down. Therefore this trade has to be executed either in loss or in profit prior to the election, 12th of December. During this time we will have a mixed outlook on the outcome of the election and therefore fluctuation in gbpusd both up and down in the range.
Entrance level 1.298 , SL 1.308
That's purely my own opinion, before making any trades please do your own research.
Midterm gbpusd has been in a stable range bouncing between 1.30 and 1.28. I think that this is due to uncertainty in the market as of what will happen during the election. Different news on different days moves the market either up or down. Therefore this trade has to be executed either in loss or in profit prior to the election, 12th of December. During this time we will have a mixed outlook on the outcome of the election and therefore fluctuation in gbpusd both up and down in the range.
Entrance level 1.298 , SL 1.308
That's purely my own opinion, before making any trades please do your own research.