GBPUSD Long: Potential Start of a Big Bullish Correction
Hey traders, it's been a great week thus far with a lot of opportunities. Here's another one on GBPUSD. After slowing bearish momentum, a bullish impulse has indicated a potential continued zig-zag correction. If confirmed, I want to ride it up to the missed pivots and potentially even higher. If resistance is not broken in the short term, I will avoid this trade and look for other opportunities. Updates to come, cheers!
Trade active
Trade closed manually
In order to preserve capital after a bearish impulse, I'm closing this manually at +20 pips
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.