Fxtoronto
Long

LONG ENTRY ON GBPUSD

FX:GBPUSD   British Pound/U.S. Dollar
46 0 0
Hello traders, yesterday i posted a chart showing a bullish flag on this pair.. However i couldnt find a good entry yesterday since i felt that the price might retrace before breaking the flag. Here what it is in my opinion is an ab=cd structure and i am looking to enter for the cd leg so that i can catch the move above. Entry for this trade is right at the the trendline as well as 786 retracement. Finishing of the cd leg will be at the structure above. Very good Risk:Reward in my opinion. Will be actively trading this pair since i believe that the target for the bullish flag will hold and this is merely and entry for the big move up.
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