possible long setup
Updated
GBPUSD is back on the trend line again. With DXY reaching to its Fib resistance (20 Aug high to last Friday's low), I think GBP will survive for a short run.
It has potential to resume it's uptrend move, but for now I'm aiming to a fib retracement of previous fall.
Entry: 1.37571; but should above 1.37492 and below 1.3768
SL: below 1.374 - lower than 1.37353 is safer
TP: around 1.3805
GL
It has potential to resume it's uptrend move, but for now I'm aiming to a fib retracement of previous fall.
Entry: 1.37571; but should above 1.37492 and below 1.3768
SL: below 1.374 - lower than 1.37353 is safer
TP: around 1.3805
GL
Note
NOTE: GBPUSD has taken off without me - just a few pips away from my pending order.... I'll only monitor this pair for now.Note
entered at 1.37524 with small risk. GL.
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