see Bullish Butterfly
Price hold by channel bottom, likely going to bounce for wave 5.
Buy after breaking out resistant level $1.292
Estimated entry:$1.289
sl:$1.27
tp1:$1.301
tp2:$1.328
tp3:$1.337-1.34
The Fundamentals:
Jun 8,United Kingdom general elections
Jun 15, BOE rate decision meeting:
In May meeting,BOE said the timing of the first rate hike will be in the Q4 of 2019, and the tolerance is limited for the inflation being higher than the target. if the Bexit process, may accelerate the pace of rate hikes.
Price hold by channel bottom, likely going to bounce for wave 5.
Buy after breaking out resistant level $1.292
Estimated entry:$1.289
sl:$1.27
tp1:$1.301
tp2:$1.328
tp3:$1.337-1.34
The Fundamentals:
Jun 8,United Kingdom general elections
Jun 15, BOE rate decision meeting:
In May meeting,BOE said the timing of the first rate hike will be in the Q4 of 2019, and the tolerance is limited for the inflation being higher than the target. if the Bexit process, may accelerate the pace of rate hikes.
Trade active:
effected1.2688 for small lot ,and will add after break out
Comment:
4H chart update: waiting for a break out
Comment:
added 1.29
Comment:
1H chart update: tg:$1.30029
Comment:
took some profits at 1.29528. since UK election, waiting for retracement.
Trade closed manually:
profit taken
Comment:
4H chart update: possible movement of GU
take care of support level $1.291xx n $1.289
take care of support level $1.291xx n $1.289
Trade active:
longed again w/small lot 1.2919
