GBPUSD Just poked thru the 20 week High of 1.2775 Ill be looking closely for a reversal signal and position with a target of 1.2534 This is not an algo based trade.
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WOW..just shot up real fast and hit 1.29000....next major target UP is the 1.2950 area. That will be a area of interest for a Short...
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As an added BONUS..we just found out what happens when price pokes thru the 20 Week High...the Institutional traders BUY HARD & QUICK !!!
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Updated Chart - new area of interest for a Short Opportunity.
Updated Chart - new area of interest for a Short Opportunity.
Trade active:
Just placed a Long position off the 20 week High bounce...target is the previous new high of 1.29000
Trade closed: target reached:
Just captured 60 pips of the 20 week high bounce. The previous short opportunities are still in play.