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Samuel_Sowedi

GBPUSD Bullish idea Still intact

Long
British Pound / U.S. Dollar (FOREXCOM:GBPUSD)  
Samuel_Sowedi Updated   
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Trend Analysis
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trendanalysis
To me, the pair may seem to be selling, but its actually being pushed down to discount area. I am looking for buying opportunities around the 1.25995 price level (H4 breaker highlighted on the chart).

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Comment:
Looking at our barometer the EU, we notice a few things.
1. EU formed a high before forming a low.
2. Then the market shifted in character
3. GU has not formed a higher high but seems like it is going to break the lows making it have a failure swing.

So, if we close this week below 1.26913 level, Next week we shall be looking for sell opportunities and book profits at the 1.25797 area.

Trade smart
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