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Back Trading plan
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Back Trading plan
GBP/USD: Trading Plan for the U.S. Session on February 4th (Analysis of Morning Trades)
In my morning forecast, I focused
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In my morning forecast, I focused on the 1.2423 level and planned to make trading decisions around it. Let's examine the 5-minute chart to understand what happened. The pair rose and formed a false breakout, leading to short positions being opened. However, after a 15-point decline, demand for the pound returned, and trading shifted back to the 1.2420 level. The technical outlook has been revised for the second half of the day.To Open Long Positions on GBP/USD:The fact that pound
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2025
GBPUSD
Great Britain Pound vs US Dollar
Summary
Sell
Urgency
1 day
Analytic
Maxim Magdalinin
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