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.
Andrew Keene
Alpha Shark
Andrew Keene is President & CEO of AlphaShark Trading, which he originally founded as KeeneOnTheMarket.com in 2011. Previously, Andrew Keene worked as a proprietary trader at the Chicago Board Options Exchange. He began his career in the prestigious Botta Capital 'clerk-to-trade' program, and would eventually co-found KATL Group.
Andrew currently actively trades futures, equity options currency pairs, and commodities. He is a regular guest market commentator on such networks as Bloomberg TV, CNBC, and Fox Business.
Keene's first love will always be trading, but he is arguably even more well known for building a trading room. Andrew is especially proud of having taught his personal strategies to over 50,000 students over the past 4 years.
In 2015, Andrew began appearing as a regular guest on CNBC's Trading Nation, where he focuses on educating viewers on equity options markets and the trading insights they provide.
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