Strategy for the week on the GBP/USD

Strategy for the week on the GBP/USD

 

The GBP vs the USD(GBP/USD) looks strong as it is trading above the Ichimoku Cloud on the hourly chart,  2 hour, 4-hour charts which is bullish however on the daily chart it is trading under the cloud which is bearish. Giving more weight in the short time frames on the trade decision, I think that the GBP/USD pair will move higher between now and the end of the week.

In this video, I look at 3 possibilities to trade this pair from the long side using binary options. From my view, I am neutral to bullish on this market and not looking for it to go above 1.3225

Rember in trading, I must first have a market opinion and my opinion is that this pair is going to move higher, so I am bullish, then I have to think about how much the GBP/USD can move higher. 

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