A Medium term buy is initiated on the GBP/USD:
1) Price Broke above EMA 200, and EMA 50 broke above EMA 200;
2) Broken resistance at 1.3780, now turned support;
3) Down trend Line Broken;
Target Price(s): 1.4320 than 1.4680
Stop Loss: Close below 1.3780
P/L Ratio: 2.29 (on first target)
1) Price Broke above EMA 200, and EMA 50 broke above EMA 200;
2) Broken resistance at 1.3780, now turned support;
3) Down trend Line Broken;
Target Price(s): 1.4320 than 1.4680
Stop Loss: Close below 1.3780
P/L Ratio: 2.29 (on first target)
Comment:
Stop raised to .14220
Comment:
1.4220
Trade closed manually:
not risking a double top, specially with weak RSI