Trading plan 02/26/2018

Trading plan 02/26/2018

The overall picture: This is the week of important news.

In the new week, there will be several important news in the US. A package for three days: Tuesday, Wednesday, Thursday.

On Tuesday and Thursday, the US Congress will make a report with the new head of the Federal Reserve Powell at 13:00 London time. The main issue is inflation and rates.

On Tuesday, in addition, at 13:30 London time, the orders for durable goods.

On Wednesday at 13:30 London time, the report on US GDP. And on Thursday, as always, after GDP, the inflation report on the RFE index. That's important.

For the currency pair GBP / USD, the discussion on Brexit in Britain was revived again.

Nevertheless, the pound is expected to raise rates and we look at the pound upward.

We buy both from a strong pullback and after overcoming the high of 1.4150.

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The material has been provided by InstaForex Company - www.instaforex.com