My thoughts on the gbp/usd.
Price broke out of the trading range (TR) with strength, so I'll be looking to buy any pullback into that TR.
In Wyckoff methodology, this pullback will be seen as a backing up action (BUA), which is followed by phase E; a mark up of price.
I am yet to set any specific target for this anticipated mark up.
Feel free to share your thoughts on this.
Price broke out of the trading range (TR) with strength, so I'll be looking to buy any pullback into that TR.
In Wyckoff methodology, this pullback will be seen as a backing up action (BUA), which is followed by phase E; a mark up of price.
I am yet to set any specific target for this anticipated mark up.
Feel free to share your thoughts on this.
Trade active:
Went long at 1.21704
Trade closed manually:
Closed for +91.
May look to get in again if the opportunity presents itself
May look to get in again if the opportunity presents itself