GBP/USD for the next 24 Hours. Next, the day trade will post in the morning for comparison. Not much will change to prices.
The 24 hour trade runs from 4:`15 PM to 4:15 PM while the day trade runs from 1:30 am EST to 9:00 am EST. An interim trade runs from 8:30 PM EST to 1:30 am EST however this trade won’t post.
This morning’s GBP/USD day trade bottom as written was located at 1.3912 and GBP bounced twice from 1.3903 for 58 and 27 pips. And that’s 14 hours since the day trade post at 2:00 AM EST.
Requirements for this trade short tops and long bottoms. No stops, charts, graphs, Fibs, news announcements. No extraneous information necessary as its all fluff and pablum.
1.3853, 1.3862, 1.3871, 1.3880, 1.3886 1.3889, 1.3898, 1.3906, 1.3914
Above: 1.3928, 1.3932, 1.3941, 1.3950, 1.3959, 1.3967, 1.3976, 1.3985, 1.3994
Most Vital: 1.3871 and 1.3886 Vs 1.3959 and 1.3994
Brian's published works include John Wiley 2011 "Inside the Currency Market", Using Z Scores to Trade Foreign Exchange, 2012. Academic Paper: 2015, A case study in carry trade and cross pair allegiance switching, pre and post 2008.