GBPUSD: bullish setup update

FX:GBPUSD   British Pound / U.S. Dollar
We have a very good bullish setup that just confirmed.
The daily corrective downtrend has expired, and there's a 15 day rally forecast currently active.
Stop loss should be below the 1.5328 mark, and an entry on a retracement would be ideal.

Looking to market buy asap             , but ideally a retracement into the green zone would be better, with a tight stop at 1.53775.
If we move above the quarterly mode at 1.5918, we can be sure of further bullish continuation as a distinct possibility.

Good luck,

Time about to expire and no rally.
Looks grim. Unless we see a strong range expansion day come out of nowhere I'd be tempted to go short.
Looks like we might hit it in time.

HiTech IvanLabrie
tomorrow loads of news on EUR, should drop GBP as well, but as your target is not that far, could be reached first
HiTech HiTech
oops didn't see your target is so large... hhhh at the moment seems unlikely to be reached before the double bottom near 1.53
Double bottom, not something I see as possible here.
HiTech IvanLabrie
Ivan, you are still bullish?
longer term yes.
I couldn't manage to post my updates, was managing 6 15m/1h trades.
I sold *usd pairs today, made 1.25% and now risk free in most.
Holding NZDUSD and gold shorts in full though. (still short USDSGD)
Looking to go long EURUSD again soon, waiting now. Shorted that jobs blast.
I am with you now, trend up confirmed according to my analysis
i see upside limited, longterm weak, heading sub 1.45 levels
+1 Reply
IvanLabrie look4edge
Ultimately, but who trades in that tf?
Not me...I see the move up, as a C wave completing the first impulsive leg right after that huge decline in 2008.
But not that important to be right in that timespan for me.
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