In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, the pound ain’t broke so don’t try and fix it.
The pound which is still looking bullish a week after it’s initial move. Our philosophy behind this trade is that if the momentum and the commitment of others are pushing prices higher then stick with it and use the momentum to generate more profits.
As we look to apply this logic, we suggest looking at the GBPUSD market. If prices break above Monday’s high of 1.2385 then this represents another high probability trade to the upside.
This is a market to keep a close eye on, but of course, always protect your capital in the usual way.
The Pound Ain’t Broke so Don’t Try and Fix It – Full Video Analysis
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