Right now the price is holding above that 79.500 daily support line. Looking for a retracement back to 79.500. From there will go up to hit the first daily resistance and break it to hit TP (second resistance).
Two examples of divergence > a bullish spike is overdue
Bouncing off support
What more needs to be said? > I don't actually know because I'm a beginner but this appears to be a simple trade, maybe too simple so be careful of stop hunts and fakeouts. Any advice is appreciated.
Hello Traders! On Tuesday we made 90+ pips in gbpusd and today on Wednesday we got 100+ pips. Both trades were excellent with perfect entries.
There are another 100 pips ready for you.
Target hit in a single 4-hour candle