Re: Pound / USD
My view is to short the GBP/USD, so it is essentially selling pounds and long dollars. However, getting in right now would be simply too early. I'm looking for the GBP/USD to break through a support level that I have marked. Once it breaks down past it, then I know that my short bias is correct, so I will then take a position. Getting in before that point is simply too early and the current long bias may continue and I would lose money if I took a short position too early. I'm sitting here waiting for my confirmation.
THE HUN.
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