GBPUSD Bullish Retracement. Waiting for close above 1.4360
Waiting for the 4 hour candle to close in about 15 minutes. If the candle closes above this resistance, I will be keeping my eyes on this for a possible retracement to the 1.4565 low of 2015 where potential Sellers may find their suitable price.
Trade idea: waiting for price to break above the structure level, then a retest to confirm price is ready to rally.
Trade idea: waiting for price to break above the structure level, then a retest to confirm price is ready to rally.
Comment:
Price did break slightly above structure, but not enough to make it apparent what price intended to do. Then we came down to the trend line and broke right through. No trade was made.
