Price crossed MA20
I missed the entry yesterday. So I entered Buy order at 129.696
1. Continued Bullish trend to first resistance TP1 130.766. It most probably will have a retrace. Let's see how it goes.
2. Trader can wait for a better entry once MA20 catches up the price at around 129.310
3. SL at 128.726
4. TP2 set at 131.925
5. If your risk tolerance is...
D1
1. GBPUSD is still bullish. Short-term could retrace and wait for MA20 to catch up. Short-term trend-following is not recommend to enter. However, there's potential to reach first target goal at 1.32000 or even far-fetched Take Profit at 1.33000
2. GBPUSD might run out of momentum and reverse. If I were a anti-trend trader, I might start build up short...
Range Market (MA20 moves Side way)
1. Short Term trade: Can be a Bounce off 128.000 support, OR
2. Break out trade: Take a Sell trade if Daily Candle close below 128.000, TP 125.300, SL Previous D1 Candle High