GBP/USD - Bull Trend - Waiting For Pullback
-Bull Trend still in tact.
-Minor rise in net selling around this range.
-Hourly SFP of the highs at Daily resistance.
-Not a good place to open long.
Even if we have a breakdown here, I dont think a short would be a good idea yet.
i find a long at the 38.2%, confluent with Daily support below, would be a better position to take. If we lose that daily support, then I would look to a MS shift and shorts.
-Minor rise in net selling around this range.
-Hourly SFP of the highs at Daily resistance.
-Not a good place to open long.
Even if we have a breakdown here, I dont think a short would be a good idea yet.
i find a long at the 38.2%, confluent with Daily support below, would be a better position to take. If we lose that daily support, then I would look to a MS shift and shorts.