According to the mild words of the Bank of England last week, it seems that we should wait for the further fall of this currency against many currency pairs. On the other hand, according to the British economic data, there are still no signs of exiting the recession.
If the price can break through the specified support range, we expect a lot more fall of the British pound.
Please pay attention to capital management (at the end of each month, a statement is provided based on this capital management)
Capital management method:
In 1-to-1 RR, we are risk-free and withdraw 50% of the profit.
When it reaches RR one to two, we move the stop loss to the TP of the first point and below the pivot , and in the same way, we move with the price in different RRs .
If the price can break through the specified support range, we expect a lot more fall of the British pound.
Please pay attention to capital management (at the end of each month, a statement is provided based on this capital management)
Capital management method:
In 1-to-1 RR, we are risk-free and withdraw 50% of the profit.
When it reaches RR one to two, we move the stop loss to the TP of the first point and below the pivot , and in the same way, we move with the price in different RRs .