Been tracking GBPUSD Renko style all week from Monday trade which we could still be in. We closed the trade due to the market unable to move back to the News event on the 2nd of November. How many times do you hear that News always retraces ? Well, it does, but maybe over the next month/year.
What we can see here is the 200 EMA acting like a brick wall where GBPUSD price can't for the moment jump over. As we are in no rush, it is Friday after all, let's put a buy trade in just above the 200 EMA in case it jumps up during the day... @1.31610
What we can see here is the 200 EMA acting like a brick wall where GBPUSD price can't for the moment jump over. As we are in no rush, it is Friday after all, let's put a buy trade in just above the 200 EMA in case it jumps up during the day... @1.31610
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Yep, it went up and up and up so a nice order.