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OraclePips
Jun 17, 2023 6:13 PM

GBPUSD BIAS: Long Long

British Pound/U.S. DollarFXCM

Description

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.

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