FX.co ★ Trading tips for GBP/USD

The previous trading plan in GBP/USD talked about buying in the market to increase prices.

That was what happened yesterday, after the release of US inflation data. That time, demand for dollar weakened against other currencies.

GBP/USD rose sharply, allowing traders to close their positions and gain profit.

Congratulations to those who followed the strategy! The pair gained more than 3,000 points.

To those who are yet to exit the market, do so at current prices.

The trading idea was based on the "Price Action" and "Stop Hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.