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Very weak economic data came out from the UK this morning.
As a result, GBP / USD traded near a price level of 1.37.
Taking this into account, it is best to open short positions today, following this strategy:
In the daily chart, set up sell positions to 1.36 after a pullback. But if the quote undergoes a true breakout (at 1.36), hold positions up to 1.34.
Aside from that, risks are needed to be monitored to avoid losing money. Trading is very precarious, but also profitable if the approach used is correct.
The strategy above uses Price Action and Stop Hunting methods.
Good luck!
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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