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Forex Markets
Sticking with the UK economic theme that we’ve been following recently, we saw another miss of expectations in UK retail sales.
BoE Governor Mark Carney was also quoted as saying that rates are likely to continue to rise alongside the US, but wasn’t hawkish about May. With retail sales missing like they did, the market took this as gospel and GBP got smashed as a result.
Now remember on yesterday’s blog, we were trading Cable? Here’s a refresher if you weren’t around:
GBP/USD Hourly
This of course means we look for short term retests to short so we’re on the right side of the higher time frame chart and maximising our risk reward with smarter entries.
GBP/USD Hourly Updated
Mark your levels on all time frames and just trade them. This one couldn’t have gone any better.
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@forexbrokr | Steemit Blog
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