GBPUSD - an important break of structure

FX:GBPUSD   British Pound / U.S. Dollar
1786 10
Yesterday this pair broke the last resistance that keeps it from climbing to the 1.55s region.

As the RSI is highly overbought now, a retracement into the structure level is very likely, but if this level holds then a hike is very possible.

Pay close attention to the news today, there is important news for both GBP and USD and this rally might be accomplished before you know it. Personally I'm looking to go long between 1.5300 and 1.5320 with a stop loss below 1.5260. Potential profit is 180-200 pips.

Hit that like button if you agree and may the pips be with you !
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Nice color theme!
what do you think about buying at 1.25700 and stop loss 1.25150 and target 1.57000??
hi is it still valid signal? i see the price going down?
I am In >>> I will add at 1.5285 my stop will be 1.5210, target 1.5440.

God Bless You all
+1 Reply
Thanks for liking, I'm closely watching price action looking for a good entry reason :)
Here is my analysis, the red spots shows R2, R1 and pivot, in the Squizz momentum, it shows exhaustion ! thought the ADX says still it has a bit of momentum ....
Not sure about it, but good we all have our own opinion on what the market will do, that keeps the market moving ! :)
+1 Reply
DjalilLounis Nico.Muselle
I thought that i was the only crazy that see this pair up lol thanks your idea make me more confidant about mine
+1 Reply
DjalilLounis DjalilLounis
+1 Reply
Hmmm, this time I think the price will go first to 1.5120 and after that -probably to the end of the day- it maybe will attemp to break out 1.5340 again to go upper and upper.... unless I am missing any fundamental... that's what I can read in my indicators and using a bit of harmonics.... Let's see the bet :D ! Good luck for you ! :)
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