GBP/USD Recently broke and closed below weekly support of 1.38000. and his showing heavy bearish momentum on all time frames, after a quick retrace to the support of 1.38000 on the 4HR, Price was unable to close above,
therefore I believe we will be heading to our next weekly key level of 1.35500.
Price should be able to quickly reach our target as there is no significant level until we reach 1.35500.
therefore I believe we will be heading to our next weekly key level of 1.35500.
Price should be able to quickly reach our target as there is no significant level until we reach 1.35500.
Comment:
For the past day, this pair has been floating around my entry as it was creating a higher low. Manufacturing news just hit for the Pound pairs sending all of them down. We should be heading to our target in the next day or so. Waiting for the Daily and 4hr candles to close. Floating 60 pips at the moment.
Comment:
Closed trade, as we are hitting the support and the daily 200EMA, I expect a pull back and would rather secure now. very close to my TP anyway so it's fine.
+140 pips bagged.
+140 pips bagged.