FXDAH

Aggressive buy on GU off support

Long
OANDA:GBPUSD   British Pound / U.S. Dollar
The support line drawn, and where the market lies now, has held firm and has seen a nice bit of suspension at several instances in the past so mainly trading on market memory here. This support held on March 27, earlier last year in October, and also at several other times like October 2017 so I am expecting the same again. Also recently we've seen a few bearish days in a row so very much expecting a correction/retracement to around 1.24 zone, especially as tomorrow is Friday and traders likely to close their weekly positions pushing the price back up. I traded this last week as a head and shoulders and made 220 pips but now expecting a reversal, also drawn to this trade by a nice 2:1 risk reward should this support be broken.

Good luck traders.