1.50 is a rock solid level, this is breaking or bouncing and we have great set ups either direction. On the buy side we have a textbook head and shoulders pattern with price projection up at 1.5260, that's 260 pips of profit! We have a major rejection candle on the 4h chart at 1.50 so be ready for some trouble at this level and even a bounce down to the lower missed weekly pivot.
@LokDown, we wait for a little more confirmation, head and shoulder patterns mess around at the neckline like this 99% of the time. I'm watching the daily chart to see what it tells us over the next little while, i'll update this trade idea when we get a bit more clarity
Gino
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We closed above that level, waiting for the second candle to close before I assess.
JaredJJohnson
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@Gino, did you see my latest GBPUSD video? Opportunity abounds there....