GBP/USD break of downward wedge on the 4hr chart (Scalping will be ideal at periods of Volatility over next couple of days i.e. news).
Take Profit 1: 1.2870 (Fibonacci Retracement 50% & Resistance Level)
Take profit 2: 1.3180 (Fibonacci Retracement 100% & Resistance Level)
(Top of wedge could be Ideal Support for Stop loss)
(MACD beginning to cross for potential reversal again)
Fundamental Analysis:
US & China Trade Wars (Keep on eye on updates due to uncertainty in the market volatile conditions)
FED Interest Rate (Pullback Discussion boosted Wall Street today by 400 points)
Brexit
Take Profit 1: 1.2870 (Fibonacci Retracement 50% & Resistance Level)
Take profit 2: 1.3180 (Fibonacci Retracement 100% & Resistance Level)
(Top of wedge could be Ideal Support for Stop loss)
(MACD beginning to cross for potential reversal again)
Fundamental Analysis:
US & China Trade Wars (Keep on eye on updates due to uncertainty in the market volatile conditions)
FED Interest Rate (Pullback Discussion boosted Wall Street today by 400 points)
Brexit