Hope everyone is well.
I love trading GBPUSD and i think we haven't tested the 1.217 level since mid Jan.
I think a retrace to 1.228/1.229 and then a drop to 1.217 level is on the cards.
We could also however break down through 1.223 to the 1.217 area.
If these scenarios do come to life and we do reach the low of 1.217, i think it could be a good opp to look for a retest of the 1.24 level again.
We do have NFP and some other news tomorrow which may completley invalidate or aid in these scenarios to be possible.
Appreciate all feedback.
All the best
I love trading GBPUSD and i think we haven't tested the 1.217 level since mid Jan.
I think a retrace to 1.228/1.229 and then a drop to 1.217 level is on the cards.
We could also however break down through 1.223 to the 1.217 area.
If these scenarios do come to life and we do reach the low of 1.217, i think it could be a good opp to look for a retest of the 1.24 level again.
We do have NFP and some other news tomorrow which may completley invalidate or aid in these scenarios to be possible.
Appreciate all feedback.
All the best