Hello traders & analysts, if you are, where ever you are and whatever you’re doing and if you’re lucky enough to be doing it today. Global growth fears currently being priced into the market at the backend of the release of weak Chinese data. Chinese industrial output, retail sales and fixed-asset investment all fell short of estimates earlier today according to Reuters.
These are perfect conditions to add a SHORT POSITION on GBPUSD with a 40 pip stop loss at 1.21259 at the pink dot you see on the chart. I’m personally targeting 1.1880 and possibly 1.1800. Risk/Reward on this setup is 1:5, overall risking 0.5% should it go against me. This is not financial advice, manage your own risk. Let’s all win!
These are perfect conditions to add a SHORT POSITION on GBPUSD with a 40 pip stop loss at 1.21259 at the pink dot you see on the chart. I’m personally targeting 1.1880 and possibly 1.1800. Risk/Reward on this setup is 1:5, overall risking 0.5% should it go against me. This is not financial advice, manage your own risk. Let’s all win!
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Ahead of UK inflation print which is expected to come out higher than previous I am closing this trade 5 pips in profit
