Good day, dear traders! I present you, a trading idea for the GBP/USD pair.
The British pound is in a triangular position and is preparing for a shot. It is possible to assume where it will shoot based on the initiatives. I have provided below the markup for GBP/USD in terms of initiatives and the "stop hunting" method.
This could happen today as early as Carney's speech at 10:30 London time
Let me remind you that the pound has fallen less than others recently, and has a very good power reserve.
After updating 1.30500, you can leave part of the position up to 1.28.
Good luck in trading and control the risks!
