GBPUSD DESTINED for 1.3036 and BEYOND (SELL) weekly, daily, 1hr
GU Thesis
- Weekly: Huge bullish candle broke above 1.2970 taking out previous highs keeping market structure bullish.
- Daily: After break out of consolidation new highs were found at 1.3185. Its likely that GBP would pullback for a retest of 1.2970 for a recovery. Although market structure is bullish GU bias is still bearish due to pounds possible recovery after bull run last week.
- 1hr: I do expect a small push up to major zone 1.3185 (1hr launch pad) for a test before a possible sell off to intended target 1.3036 or we could see price fall without a touch of major level.
Trade closed manually
Exited This trade early. Still believe GBPUSD has room to move the the upside. My apologies if some of you enteredNote
You could still let trade run with very small risk
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.
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.