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Hello Traders,
I have decided to close down all the positions. The AUD USD & USD CAD both went in the money and resulted in 100 pips gain.
I am closing the positions in anticipation of the ECB interest rate decisions and press conference which are due tomorrow afternoon GMT time. I do not wish to bear any overnight risk at this moment, which can hurt my performance due to the volatility. Meanwhile, I would like to share an interesting chart with you about the GBP USD. You can see that the price is reaching the all time low of the pair (which is 1.20). This is currently the price the market thinks its fair and does not allow further downcast actions.Currently, the price is well heading towards this level which triggers my attention too. If I am going to buy that for sure will happen somewhere near the 1,20 level. This is it for now.
I have decided to close down all the positions. The AUD USD & USD CAD both went in the money and resulted in 100 pips gain.
I am closing the positions in anticipation of the ECB interest rate decisions and press conference which are due tomorrow afternoon GMT time. I do not wish to bear any overnight risk at this moment, which can hurt my performance due to the volatility. Meanwhile, I would like to share an interesting chart with you about the GBP USD. You can see that the price is reaching the all time low of the pair (which is 1.20). This is currently the price the market thinks its fair and does not allow further downcast actions.Currently, the price is well heading towards this level which triggers my attention too. If I am going to buy that for sure will happen somewhere near the 1,20 level. This is it for now.
