purepips

GBPUSD - Week of May 14th, 2017

Long
OANDA:GBPUSD   British Pound / U.S. Dollar
2
GU closed on 5-12-17 on a doji and has been consolidating for about a week or so. No controlling candle spotted so no rush to get in. Overall trend is up and price just retested support, double tapped and appears to be headed to the upside. This looks really good right now and could go in on H1 to find an entry, but I will hold off a bit because (1) market just opened and (2) I want to see more buyers. I'm watching your back GU!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.