Good day traders!
Following up on yesterdays post on the GBPUSD where we saw a bearish pin bar on the daily time frame of the pound dollar, we are now looking at the chart again to see what had happened.
The market did close with a red candle on New York close as a follow through of the bearish signal that we saw yesterday. Now, how can we trade this pair with as it unfolds?
We would first like to trade this pair with the trend and the trend is up. So, what we can do now is wait. Wait and be patient. We will wait till the pair reaches the 15 and 33 ema and when it gives us a bullish signal around the emas, we might want to take a long trade to go along with the bullish momentum.
Till then traders!