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Tr8dingN3rd
Aug 5, 2015 12:25 PM

GBPUSD - Observing a potential Long Long

British Pound/U.S. DollarFXCM

Description

Context
  • major swing in this TF is broken, and price is trending up nicely.


Swings
  • two nice pivot swings reacting at the A/R sets


Price Action
  • looking for a BRK of the resistance/support line, then further above the A/R set (red downsloping)

  • if price can stabilize in one of this area, i would consider trying a long entry, at lest up to the black (U-MLH)
Comments
Timing_is_key
Spot on again....Too good
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