FX-TradingLions

GBPUSD | COULD BE A GOOD BUY ONLY IF...

Long
FX:GBPUSD   British Pound / U.S. Dollar
Hello traders,


If the next candlestick manages to close as a bullish engulfing one we could have a re-test of the previous top level which would be pretty nice.

Obviously split your take profits accordingly maybe in 1/3 and manage your risk to max pip gain.

If however, this does not happen then we could be a looking at a higher timeframe rejection from a trend

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.