GBPUSD price will go up
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If you have missed the long last Friday, try not to enter long as I feel it will retest 1.361 - 1.362 area one more time before heading up.
GBPUSD tried hard to break 1.36 area but all ended up with aggressive bounce back up within a few hours time range.
I expect a history replay, that GBPUSD hits price around 1.372 - 1.374 and then retest 1.366 before moving higher; or otherwise retest 1.361-1.362 to form another double bottom and move back up more agressively.
I will enter a tight SL long entry if there's a chance; otherwise I'll wait it retest 1.362 and long, or retest 1.373 and long further up.
Overall speaking, GBPUSD is still in down-trend since the trend reversal, and I don't expect another major trend change happenning unless it reaches 1.385 again.
Entry: 1.36617 with SL at 1.36522; if fails, re-enter at 1.362 with SL at 1.36
SL: as mentioned above
Expected Pips: 20 - 50 pips from 1.3661; or 20-100 if 1.362 gets retested
Expected Timeline: 1 day if 1.3662 is secured; otherwise SL hit and re-enter at 1.362 if reaches expecting 2-3 days aggressive bounce.
GBPUSD tried hard to break 1.36 area but all ended up with aggressive bounce back up within a few hours time range.
I expect a history replay, that GBPUSD hits price around 1.372 - 1.374 and then retest 1.366 before moving higher; or otherwise retest 1.361-1.362 to form another double bottom and move back up more agressively.
I will enter a tight SL long entry if there's a chance; otherwise I'll wait it retest 1.362 and long, or retest 1.373 and long further up.
Overall speaking, GBPUSD is still in down-trend since the trend reversal, and I don't expect another major trend change happenning unless it reaches 1.385 again.
Entry: 1.36617 with SL at 1.36522; if fails, re-enter at 1.362 with SL at 1.36
SL: as mentioned above
Expected Pips: 20 - 50 pips from 1.3661; or 20-100 if 1.362 gets retested
Expected Timeline: 1 day if 1.3662 is secured; otherwise SL hit and re-enter at 1.362 if reaches expecting 2-3 days aggressive bounce.
Nota
trade activated. :) GL.
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