[GBPUSD] SIMPLE BULLISH SETUP

Good Morning Traders!
Friday we saw how the cable has failed the potential impulsive structure (bullish), but if we do not see a daily close below 1.2257, we can not think about taking short position. The bearish move on Friday, was very fast, but it triggered a potential swing on weekly chart, then, quite simply, we can say: "BUY" with stop below 1.2257 ( daily close).

On H4 chart, we can see a support area (ABCDE + CHANNEL), the failure of this model could develop and confirm a "bearish flag", and if that happens, we will close our long position and we will go looking for short opportunities.


Thank you for your support and trade with care!