GBP vs USD - They will meet again
One is low (gbp) the other high (dxy).
On lower timeframes it might appear that the dollar is very dumped! And that GBP is too pumped! Not if we look at the Yearly Macro chart.
The two will meet again as they have done many times in the past. Perhaps when the roles are reversed, then the trade will be reversed, but for now I am very bullish on GBP. Holding and buying on buy signals with profits from lower.
Knowing the potential of GBP, I see no problem with aggressive buying, while others will take profits and even SHORT gbp, because they believe it is overbought.
Good luck to all, may the bands be with you.
On lower timeframes it might appear that the dollar is very dumped! And that GBP is too pumped! Not if we look at the Yearly Macro chart.
The two will meet again as they have done many times in the past. Perhaps when the roles are reversed, then the trade will be reversed, but for now I am very bullish on GBP. Holding and buying on buy signals with profits from lower.
Knowing the potential of GBP, I see no problem with aggressive buying, while others will take profits and even SHORT gbp, because they believe it is overbought.
Good luck to all, may the bands be with you.
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