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Market_ATM

Short Term Long GBPUSD, Reversal Trade

Long
British Pound / U.S. Dollar (OANDA:GBPUSD)  
Market_ATM  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Lines Candlestick Analysis Multiple Time Frame Analysis
2
0
trendline candlestick mtfa
GBPUSD

After Theresa May's announcement, GBP actually stays stronger rather than continue to fall. Market has likely priced in the event before it happens.
GBPUSD formed Daily Morning Star pattern near Weekly Uptrend Line, means Bearish has weakened and sentiment possibly change to short term Bullish bias.
Broken Downtrend Line, 1H Inverse Head and Shoulder Pattern, Neckline at 1.2690 - 1.2700
Wait for Reversal Candlesticks at that level.

Entry: 1.27
SL: 1.26
TP1: 1.28
TP2: 1.2860


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