GBP/USD UPDATE

As mentioned before, the price bearish until the green area. As shown above, the last bearish candlestick close at 1.4514 in mychart at 12.00 London time. From the trend and calculation if not wrong, the trend will continue to do ranging market in this double session (Europe and US). The white box as shown above, I predict will be rangging and slightly chopping market. This is the time to make decision stay away from the wave or swim the highly tide wave! And it will continue rangging or chopping market until US market close. Beware also the rectangle white colour below (which I stated SELL TRAP AREA). Moreover, today is FRIDAY. So it will influence the MOOD of trader!!!!

Next post I will show you guys the result of my trading for this week. Good luck and happy weekend!!!