Possible Long opportunity on GBPUSD

Nov 14, 2016

A lot of people are saying this is a sell setup but for me this is part of a longer corrective leg or wave which is heading up. The pull back my be over or it quite possibly go further down but I think it will go north from this area.

I will probably buy any pull back to the daily trend line with the view to break the current high

Targets and stops are approximate

If you agree or find this helpful please "LIKE"

Good Luck
Steve

Nov 14, 2016

Note

Still waiting to buy into this.
Stops are clearly invalid but targets remain the same giving a better risk/reward

Nov 14, 2016

Note

Please ignore the comment above I was looking at the wrong chart.
Trade live and valid

Nov 14, 2016

Trade active