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Fxprotrader
Oct 24, 2016 11:39 AM

GBPUSD: Short Term Buy Opportunity Long

British Pound/U.S. DollarFXCM

Description

Price is moving into a corrective structure, has bounced from a short term uptrend and broke above the downtrend it was moving in. That's an ideal time to draw a new median line set and keep an eye for a retracement at the lower parallel where we should look for a buy setup to complete. A realistic tp would be the median line.
Comments
Rolandwari
Great Idea, thanks for posting :)
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