salmanijaz

GBPUSD needs some correction

Short
salmanijaz Updated   
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD has followed the trends I mentioned in my previous charts and based on that I think we will be seeing some correction now

Keeping in mind that that this pair is bullish in long tern and just need some time to cool off :)

All the levels are mentioned in the chart

Keep an eye on the weekly candle from last week. It has touched the 100 EMA line. Thats why we will be playing this trade with a very tight SL

Best of luck
Trade closed: target reached:
I will be closing this trade now
It may reach the intended target but i think its unlikely
It will start to rise now :)
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.