GBPUSD Short term intra-day bullish insight. 22/07/2020

Clean hit on previous supply that is currently in control, as labeled with my previous post. Hopefully we can get a nice a retracement to the 61 fib and local Key level area to see further pushes upwards of a healthy trend. If we dont hit the 61 going up, there is chance that we hit the 50% with the other Key level and retrace. Small 1:1.2 RR but full target would be to create new higher highs ideally.

Trade active:

As mentioned, we saw the retracement happen from the 50% fib. Taking partials here at +50 pips and moving the SL to Break even as we speak.