Gap with Bear Trap... Long for 1.318!!!
Market opened with gap up and GBPUSD is holding it nicely trading above 4hr 20 Ema which is close to 1.283.. and it's a bullish signal!!!!
I am already on buy from current market prices @ 1.2852..
So if I am correct with my analysis then market will shoot up towards 1.30 initially and then towards 1.318.. We already have a bear trap of Monday "GAP" and gbpaud broke up from declining channel and trading close to 1.875.. and above 1.87 it can March towards 1.91 and high.. So all GBP pairs showing good bullish momentum..
On flip side break of 1.2815 will be 1st minor blow with break of 1.28 and closing 4hr candle under 20 Ema.. Keeping that all in mind.. I am on buy with stop 1.28 for rock n roll towards 1.32... Let's see!!!
Market opened with gap up and GBPUSD is holding it nicely trading above 4hr 20 Ema which is close to 1.283.. and it's a bullish signal!!!!
I am already on buy from current market prices @ 1.2852..
So if I am correct with my analysis then market will shoot up towards 1.30 initially and then towards 1.318.. We already have a bear trap of Monday "GAP" and gbpaud broke up from declining channel and trading close to 1.875.. and above 1.87 it can March towards 1.91 and high.. So all GBP pairs showing good bullish momentum..
On flip side break of 1.2815 will be 1st minor blow with break of 1.28 and closing 4hr candle under 20 Ema.. Keeping that all in mind.. I am on buy with stop 1.28 for rock n roll towards 1.32... Let's see!!!
Trade active:
On 1hr chart Inverted Head and shoulders pattern pattern is forming...
Comment:
For more secure stop... It is good to keep under low of Friday below 1.2766.. With target towards 1.318
Comment:
Jump in currencies is Boiling.. Gu respected 1.2815 today..