Yesterday, we saw a strange movement from GBP/USD Pair. It moved up from 2.0198 to 2.0319 but in a short time, it felt and closed at 2.0212. The candle pattern was similiar to falling star so it supposes to going down but who knows the future, right? Because the Parabolic SAR in daily chart is already moved to below the candle, so this pair is still have a possibility to going up.
I try to check and compare the pair with EUR/USD and cross check both of pair with EUR/GBP. It seems that EUR/USD and GBP/USD are ready to fall. One of EUR or GBP will be stronger than the other. We can find out at EUR/GBP chart. The question is who will stronger? Which one will going down when the other rather not move? Or one of them will be going up when the other rather not move?
I made some prediction and this is my position :
- Sell Stop Gbp/Usd at 2.0190, TP at 2.0115, SL at 2.0230
- Buy Stop Gbp/Usd at 2.0250, TP at 2.0340, SL at 2.0210
- Sell Limit Eur/Usd at 1.4070, TP at 1.3095, SL at 1.4100
