GBPUSD LONG
* GBPUSD is full of fake outs so I always expected price to move back down to the 78.6% level after yesterdays move up.
* We've touched the bottom of an ascending channel.
* I expect the support levels to hold.
* We also tested the 4hr 200EMA which I expect to see a reaction from.
* The uncertainty in the election should give the pound some bullishness over the dollar, however, I will be exiting the trade before the election results.
* We've touched the bottom of an ascending channel.
* I expect the support levels to hold.
* We also tested the 4hr 200EMA which I expect to see a reaction from.
* The uncertainty in the election should give the pound some bullishness over the dollar, however, I will be exiting the trade before the election results.
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