GBPUSD: Long Setup Forming
Updated
Good Morning guys,
Looking at the GBPUSD on the 4h time frame we are currently in a bullish trend with the 2rd correction wave, marked in the yellow box, happening. The low of the box is the 0.61 fibonacci level and if price does not break this level with a straight confirmation this could be a nice +400 pips swing trade up to the next highs.
Lets start the week strong.
Looking at the GBPUSD on the 4h time frame we are currently in a bullish trend with the 2rd correction wave, marked in the yellow box, happening. The low of the box is the 0.61 fibonacci level and if price does not break this level with a straight confirmation this could be a nice +400 pips swing trade up to the next highs.
Lets start the week strong.
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