GBPUSD SHORT OPPORTUNITY - HUGE ENGULFING BAR ON THE H1
Huge engulfing bar after retest of the breakout from the rising wedge pattern on the H1.
UK MPS supported the Withdrawal Act Bill but voted against Prime Minister Boris Johnson's program motion
Targets are set at 1R and 2R respectively.
After the failed breakout to the upside yesterday it's looking like GBPUSD will experience a minor retrace, before potentially continuing the move up.
Price action: Engulfing Bar
Technical Analysis: Break of rising wedge pattern
Volume: Huge volume spike
Daily trade analysis and ideas:
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ForexShinobi
UK MPS supported the Withdrawal Act Bill but voted against Prime Minister Boris Johnson's program motion
Targets are set at 1R and 2R respectively.
After the failed breakout to the upside yesterday it's looking like GBPUSD will experience a minor retrace, before potentially continuing the move up.
Price action: Engulfing Bar
Technical Analysis: Break of rising wedge pattern
Volume: Huge volume spike
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: www.facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: www.instagram.com/jaylen.forex/
Website: www.forexshinobi.com
ForexShinobi
Comment:
Currently up 30 pips - lets see what happens tomorrow!
Trade closed manually:
Trade closed at breakeven - playing it safe with brexit volatility
