GBP/USD: Buy?
Updated
We are currently at consolidation and I'm leaning towards an upward bias! WHY?
1. We had a break of a downtrend.
2. We had an impulse to the upside.
3. We retraced and started to form a consolidation period.
4. We had a huge entry of buy pressure at support of our consolidation zone!
I will be waiting on a break and retest of our current resistance and I will be looking to enter long on buy confirmation!
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What are your thoughts on this pair? Please feel free to let me know in the comments section!
1. We had a break of a downtrend.
2. We had an impulse to the upside.
3. We retraced and started to form a consolidation period.
4. We had a huge entry of buy pressure at support of our consolidation zone!
I will be waiting on a break and retest of our current resistance and I will be looking to enter long on buy confirmation!
If you find this idea useful please leave a like and follow me for more content like this!
What are your thoughts on this pair? Please feel free to let me know in the comments section!
Trade active
Trade closed: target reached
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