FX:GBPUSD
FOREXCOM:GBPUSD
SAXO:GBPUSD
Trade idea – GBPUSD – Close to resistance. Scope for a correction lower to buy into
Monthy – Bullish wedge formation
Weekly – Possible ‘Outside Week’
Daily – Bullish Morning Star
4H – Close to resistance and DeMark 13. Scope for a correction lower
We look to buy at 1.2580 target 1.2745 stop 1.2580
Caution - UK...
I'm watching a very short term channel and a simple support level, a break out to the upside should be a great opportunity to buy. Lower levels I'm watching are 1.3300 for support, upper targets are 1.3600 and 1.3800.
Good luck and comment below if you have any questions.
