Looking to long GBPUSD if price reaches any of the blue arrows.
Trend line and supports act as double confirmation.
Blue lines are 38% and 23% levels on the fib if drawn.
Also considering momentum and candle formations around entry spots before entering.
Trend line and supports act as double confirmation.
Blue lines are 38% and 23% levels on the fib if drawn.
Also considering momentum and candle formations around entry spots before entering.
Comment:
Price broke higher and will not have an opportunity to approach the target areas as previously anticipated. Price may comeback to those zones in the future. An updated analysis will be done and posted if there is more opportunity spotted.