GBPUSD is about to break out of its short term structure. I favor a bullish move to test at least 1.455 but we have to keep an open mind and trade what we see. So I'll either be looking for 1.455 or 1.43.
www.timstuyts.com
www.facebook.com/timstuyts
www.timstuyts.com
www.facebook.com/timstuyts
Comment:
If we see a break below yesterday's low I will not be looking to buy anymore until structure tells me differently. If we see that happen, I need at least a new impulse higher and consolidation for a buy. On the other hand a bearish break and continuation is very likely because we are in a consolidation of higher degree, however I prefer to see a more significant consolidation first, hence a short term buy opportunity first. I will update a potential sell trade later today.
