GBPUSD: Overview
Updated
Hello Traders,
Let's look at daily chart!
A zone and a Bullish channel is there! The zone wants to push us down while the channel and the current leg is trying to move us more up! If you are a longer term trader wait for any bullish or bearish break of the channel!
In case of bearish break we need the trendline to break too!
But if you are a shorter term trader you can take profit out of today moves. any retracement to middle of the channel could be a chance to long the pair!
Let's look at daily chart!
A zone and a Bullish channel is there! The zone wants to push us down while the channel and the current leg is trying to move us more up! If you are a longer term trader wait for any bullish or bearish break of the channel!
In case of bearish break we need the trendline to break too!
But if you are a shorter term trader you can take profit out of today moves. any retracement to middle of the channel could be a chance to long the pair!
Note
Waiting for retracementNote
Waiting for confirmationNote
Close before GDP News of tomorrow
Note
1st TP hitNote
2nd TP Hit!Left Some positions open for top of the channel or till the next trend-changer news
Note
Move your SL Before the GDP relase.
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