After everything that has gone on with Britexit I see more upside coming for the £. I am looking for a pull back to go long, in this set up I have gave the deepest entry but price could turn at the higher green line or not even break the rex box to the down side.
First Target 149.80
I've been looking at this long for a few days now and as NFP is today, I think this could be a safe one to hold over NFP and in to next week.
Target might not be hit as we are going lower, but this could be a nice pull back to trade before this pair make a new low.
This is the 3rd time I've shorted GU at this price this week, we are getting crazy PA as it's the first week of the month with NFP in 2 days on friday, Lets see if we get the sell this time.
I will close before NFP no matter what.
I'm looking at two big swing trades in GJ, the first to 147 as price has bounced off 139.50 and failed to make a new low. We could be completing a A,B,C or this could be the start of the new impulse wave and wave 3 is just about to get going.
My second TP will be at 155, this is where the 1.272 extension is and if price breaks 149 we will defiantly get up there.
Price has turned around at 114.30's and failed to make a new high.
We've had a nice push down and pull back to the 38.2 fib level, I'm looking for price to retest the lows of 108, and it may close the gap.
GBP has been bullish for some weeks now, we made a new high yesterday with a close above on the 4h, price then tried to push back down and failed to make a lower low, with the Bull's in full control I see this going to 1.34 over the coming weeks.
Just my thoughts
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