09 June 2021, GBP/USD
GBPUSD trading plan:
A bullish rally in the oil market will have a positive impact on the value of the British currency as the assets are correlated with each other. Tuesday’s U.S. crude oil supply data from the American Petroleum Institute showed a draw of 2.108 million barrels for the week ending June 4. Traders now await crude oil supply data from the U.S. Energy Information Administration, due later in the today. The U.S., the world’s largest oil consumer, lowered travel warnings for several countries, including France, Canada and Germany, making it possible to loosen airline restrictions for trips overseas. Meanwhile, U.S. shale oil output is reportedly set to rise only moderately through 2022, despite a pickup in drilling driven by gains in crude prices.
Investment idea: buy 1.4155 and take profit 1.4230.
Profit within arm’s reach
The strategy's profitability over the past year and a half was 129%. The strategy has simple and understandable rules, trading on it takes 5 minutes a day. Inside you find the level of opening positions, Take Profit and Stop Loss levels.
To ensure profitable trading, implement the FreshForex strategy today:
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