TimStuyts
Long

GBPUSD according to plan

FX:GBPUSD   British Pound / U.S. Dollar
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4
The GBPUSD moved nicely according to plan at the end of last week. For now I prefer an ABC correction to be in progress where wave B is currently unfolding. Nevertheless it is too soon to tell whether this unfolds in a sharp correction or a more complex combination. I will therefore wait for this consolidation to settle and buy the break. 1.455 is my preferred minimum target.

for my previous post and context see below:


1hour chart:


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Comments



We saw the anticipated bullish break.
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jh34 TimStuyts
Do you think it'll retrace back down and retest that trendline than continue to be bull?
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If it retraces or makes a smaller degree consolidation you can enter based on a lower time frame break. (same approach)
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