FX:GBPUSD   British Pound / U.S. Dollar
Currently, the cable is in a strong bullish condition. The price is heading up breaking the previous high and preparing for a pullback to the 50% or 61.8% fib level. If this scenario happens, then we should be patient enough to wait for the price action to take place in the chart. I expect something like a bullish engulfing or bullish pin bar candlestick pattern to be printed before taking a trade decision.

Note: Be patient for the pullback to end before taking a trade decision. For now, no signal yet. Make sure you open your eyes wide to crush the market.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.