GBPUSD long mean reversion trade setup
Updated
GBPUSD drifted lower Monday but is setting up to rise into the 30-day trend channel. Watching for a green 4-hour Heikin Ashi candle to go long this pair. On a 1.364 entry, could set SL at 1.360 and set TP at 1.372 (around the mean line); or set a trailing SL of .004.
Note
No trade! GBPUSD seems to be in free fall. Watching carefully for a possible entry point, bearing in mind that there's lots of news yet to come this week.Note
Post-holiday madness seems to be diminishing to a dull roar. Might enter this trade this evening. Stay tuned...
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