GBPUSD Swing Buy

1 Okt 2022

Good morning all, there hasn't been ,many great opportunities of late due to the crazy market conditions. But if you watched my last weekly video we got into a buy swing trade on GBPUSD. We got a drop back in price from the Dollar, also the GBP got bought by the central banks with the government bonds, I don't think they liked going close to parity. BUT will it all be short lived, quite possibly. So we need to secure some profits, as most likely DXY will come back into trend next week and continue its strength over all others. Currently we are 390 pips in profit, so if you followed along then make sure you make the trade risk free with your stop loss at entry OR move your stop loss into some profits to secure the bag. Will update again next week, enjoy your weekend. GLIYF