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Art-of-FX
Dec 29, 2016 5:35 AM

GBPUSD Due for a couple hundred bull pips Long

British Pound/U.S. DollarFXCM

Description

I am really liking the retrace opportunities from NU AU and now GU lately. Not only providing good long chances, but offering longer term opportunities to get back in on the short side. That being said lets focus on this long play. Nice divergence here, which normally I only use as a confirmation on my bias. I think its real simple, a break north will yield to my target area , which at that time I will re evaluate my position, we could go much higher but want to get the sure pips first.

Comment

Looking good

Trade closed: target reached

Comments
Gino
Reentry for another bull?
Art-of-FX
@Gino, I think ill just observe and wait for another easy set up.
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