GBP Gaining strength 1.51825

FX:GBPUSD   British Pound / U.S. Dollar
MACD Histogram breached upper side as well as the chart candle breaking the trend. However it seemed to have broken in previously but carried on pushing towards the lower side. But with this situation, the previous 3 surges were very strong green bars + closes. It took a lot of Bear bars to overwhelm 1 or 2 Bull bars. Also due to the feds most recent news it seems as if USD is loosing strength compared to other currencies as well as the GBP.

Looking for the pair to hit around 1.51825 before taking a position!

Hoping to get some constructive opinions on this idea.
Hi, I would agree that GbpUsd is looking higher. Nonetheless, the level you have marked @ 1.51122 would be the taking of position.
moemia faizal.mansor.908
I understand, so you believe that I remain stationary till then? I was considering that myself but thought it may bounce of the Trend line and then continue its move up leaving the 1.51122 as a SL area.
well... it's all relative. you should have a look at this daily chart here before jumping the gun long--i'd say buy the dip IF AND ONLY IF the signal actually remains bullish. if price can't stay above MPP, there is no strengthening yet, but only ranging.

moemia isomorph
Thanks for your opinion, but wouldn't you say that the Green P line @1.5182 would be a potential long that can reach towards at least R1 or perhaps around the 1.5320 area?
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