GBPUSD has broken the downtrend but still hasn't formed an uptrend. the bearish engulfing bar is a good sign of a retracement back to form an uptrend around the 1.3045
I am looking for a pullback to the .382fib from the previous days bar for an entry at 1.3180 tp at 1.3080 100pips SL 20-30pips.
points for strategy.
bearish engulfing bar
macd cross over
RSI high
failed resistance level
I am looking for a pullback to the .382fib from the previous days bar for an entry at 1.3180 tp at 1.3080 100pips SL 20-30pips.
points for strategy.
bearish engulfing bar
macd cross over
RSI high
failed resistance level
Comment:
Todays opening price has invalidated this set up ATM