DA-WaveTrader

GBPUSD Buy Setup

Long
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD Buy Setup

- short term buy setup
- continuos of previous up trend move
- targeting level 1.37800
- following by next level 1.38200 and above
Comment:
Market closed, SL moved to break even
Comment:

- look for the buy setup if it break daily low during the DXY news event later
- do take note and track for DXY potential reversal up move during 2nd part of New York session

Expect fast and big market move in New York session, trade with care !
My bias is EURUSD has a better trade than GBPUSD
Comment:

If you missed the buy from low
try look for buy entry with pullback level around 1.37777
Comment:
Took additional buy though not at the ideal level
Comment:
DXY didnt really moved as expected though
Still holding all the balance trades
as GBP might still have some strength to the upside
Comment:
Closing all balance trades
GBP could be changing direction
Will observe for reenter the trade with further confirmation if setup given

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