GBP/USD Trade Idea (Daily TF)

2019-11-25 04:45:45

Here is my daily analysis of GBP/USD for the upcoming week. My thought is that price will break the sell zone and go to at least a 50% retracement. Looking at the upcoming news events, I only see 2 USD red folders and only no GBP red folders. I know that Brexit is still looming in the background but once price breaks my zone and closes, I will be entering the trade. I also think that the price could very well go all the way down to the demand zone.

As always, please trade responsibility and remember that past profits do not dictate future profits. Treat every trade as its own trade.