OraclePips

GU BIAS: SHORT-TERM BULLISH

Long
FX:GBPUSD   British Pound / U.S. Dollar
Good morning traders, wishing you a profitable trade today. Currently, the support level of 1.1485 has been holding the price since last week now in the H4 timeframe, and it it's still holding. Mr. GU is pulling back above this level, failing to make a new low. As a result, a bullish candlestick is forming to change the price bearish direction to a bullish direction. If this current candle closes as a bullish tail candle, then it's safe to long this market and aim for 30-50 pips or exit at the immediate resistance level. Also, the 61.8 fib level is being respected: the price is hovering between the 50 and 61.8 fib level snow. The levels to consider for exit: 1. 1590 and 1.1712. Wait till 10 am before going long, that is, wait for this current H4 candle to close. Don't rush.

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