GBP/USD analysis and trading plan by Keon Consultancy | Nov 4, 2020
- Keon
- Nov 4, 2020
- 1 min read
Here is how I am trading GBP/USD during the counting of US election votes.
Risk: If an H4 candle closes below the last lower low shown in the screenshot above, the trade will be exited.
It ran in some floating profit before it came down. I closed it at BE ahead of the BOE/MPC news/events (Asset Purchase Facility, BOE Monetary Policy Report, MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes and Official Bank Rate).
Risk: Exit the trade if an H4 candle closes below A.