GBPUSD long trade

GBPUSD is bullish, the daily candle has broke and closed above the previous high with a nice bullish impulse which has been followed by a correction to retest the previous resistance as new support, which is also aligning nicely with the uptrend support on the 4hr timeframe which the market is currently testing, im waiting for a new higher high to form from a 4hr perspective then on the retest we can look for entries for market to complete the pattern and form a new higher high from a daily perspective.

For more free education and more FX and crypto analysis join our free group - link in bio.

Disclaimer