thescalperのブログ

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Weakness in Pound

I always prefer to trade on long time frame, though my nick name is thescalper I hardly scalp.
GBP will have a long time weakness with momentary, up where in we will again go short when the armatures will buy.
As per our understanding the GBP/USD should test and retest the previous month low where we might exit our shorts
A week before month ends, all should try to cover their shorts.
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GBP Trade Idea

Very Good level will emerge during this month to short GBP/USD.
A great profit making session is awaited NFP, I expect to see a huge mark up before pouring in supply. This month NFP will be good and it unemployment rate is well below 6.7 to 6.5% that would further trigger a cutting up of purchase program by FED. An interesting session to watch. If traded in proper supply zone and supply indication can be a very profitable month.
The level to watch for is 1.66990 no demand level, below indicated …
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ANABEVZ avatar
ANABEVZ 2014年08月06日

good work!)

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