glennmercer

GBPUSD Long: Potential Start of a Big Bullish Correction

Long
glennmercer Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Hey traders, it's been a great week thus far with a lot of opportunities. Here's another one on GBPUSD. After slowing bearish momentum, a bullish impulse has indicated a potential continued zig-zag correction. If confirmed, I want to ride it up to the missed pivots and potentially even higher. If resistance is not broken in the short term, I will avoid this trade and look for other opportunities. Updates to come, cheers!
Trade active:
Trade closed manually:
In order to preserve capital after a bearish impulse, I'm closing this manually at +20 pips

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