British Pound / U.S. DollarUpdated GBPUSD what's next?
For my previous post and context see previous post below:
Price tested the upper structure line and I'll be focused on the next break out either bullish or bearish. I think we might see some bullish continuation to at least close the gap. However I trade what I see and like to see a consolidation first before opening a new trade.
timstuyts.com
facebook.com/timstuyts/
Price tested the upper structure line and I'll be focused on the next break out either bullish or bearish. I think we might see some bullish continuation to at least close the gap. However I trade what I see and like to see a consolidation first before opening a new trade.
timstuyts.com
facebook.com/timstuyts/
Note
moving as projected, we saw the break and I expect a move towards 1.435.Note
Note
We saw another impulse higher, watch for a consolidation and if we see a continuation buy GBPUSD towards minimum target at 1.435.Trade closed: target reached
The Pound made the move higher towards the target zone and even overshoot it. I will update this pair later when I spot another trading opportunity. We had a nice run and the Risk/Reward was almost 10/1 from the original entry with several opportunities to add. These kind of trades and profit show why you can wait for the perfect trade. Have a nice weekend all.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.