GBPUSD has officially rebounded from our resistance trend line and horizontal resistance finally giving traders a correction where bulls are waiting to continue the over all bullish trend. out intentions are to enter on the retest of the support trend line and take price higher with the trigger from a bullish engulfer or hammer head allowing us to have a 200-300 point stop loss providing a good 1:3 risk to reward ration with precise entry.
Note
GBPUSD playing out as predicted so farNote
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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.