Paun British / Dolar A.S.
Panjang

Possible Long Swing Trade Oppertunity on GBPUSD at 1.36400 level

80
This pair has been in a range on the Daily time frame and as we can see, this pair has rejected lower prices and shown a large wick rejection showing some buying pressure from the bulls. This could be a very fruitful trade opportunity if it does play out as we could possible look for this pair to rocket back up to the daily resistance level of the range.

Before Entering:

i will be looking to see if this daily candle closes with a strong bullish pinbar and then further look for signs of strength on the 4hr time frame around the 1.36400 price level and setting my SL below the daily candle low before targeting the top of the daily range.

Good luck to anyone who trades this idea :)

Penafian

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