Strategy Update
At 3:40AM PDT, I tweeted bullish sentiment. Well, it is confirmed and with price now at 1.4320. When I wrote up my game plan for today, I was mixed the market sentiment. Price action had no obvious clues then.
When price creeped back into the hesitiation zone below 1.4250, I knew the GBPU/USD was bullish. At the current levels, price has not only completed the quarter to 1.4250, made a new high at 1.4340 (as of this writing), and buoys around the hesitation zone above 1.4250, I am convinced that price is on its way towards 1.45 (rather than 1.40). I have enough clues to make a sounder decision with a mind still on the event risk posed by FOMC.
I’m in the market long. Duh.
