GBPUSD is getting ready for spike

Hi there,

GBPUSD is under pressure ahead of the Brexit talks. It is creating a longer term opportunity either way price goes. We are expecting that price will rise once we will have the final say on the deal.

How you can trade on this chart.

1. Watch for the strong breakout and look for buy and keep buying after having corrections upto 1.50.

Or

2. Lets the price fall for one more short term drop and look for breakout from bottom.


NOTE: In case price fall sharply and breaks below the previous low then it will invalidate the buy the setups. Make sure you go long on strong breakout. strong breakout will confirm that price is heading to the 1.50.

In case price breaks below the previous bottom sharply then we will look for sell rather than buy. But for sell we will look for solid reasons and the important thing is the correction after having the sharp breakdown.

Good Luck

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Comment:

This is what we are looking for longer term.

Comment:

watch bottom for reversal or one more drop and longer term buy

Comment:

Watch lower time frame.

Comment:

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