GBP/USD Update

The cable made it’s way back up slightly above 2.0300 and is now making another run at the lows to get more people short and to run stops. You have to learn to expect this to happen because that’s how this game is played. If you take a loss, don’t give up. All it means is that the market wasn’t ready yet. Another clue that this would happen was how little of a bounce we got. When that happens you can almost always expect the market to drop further before rebounding. The buy setup is getting even better now on the gbp/usd.