GBPUSD - 60 - Ready to pop on the Hourly.
We had a really ridiculous day yesterday on the GBPUSD.
It is balancing right now around the key 1.32680 . It did close above that yesterday, so there is more potential to the upside and we are building this flag shaped formation. In this scenario, normally, we should expect a move to the upside, but I would recommend to stay sharp because of the 1.32680 level. The market likes to surprise everyone (we understood that yesterday).
You can try to take a quick BUY or SELL position on a break, but keep your finger on the execution button just in case.
Be careful and keep an eye on the price action!
It is balancing right now around the key 1.32680 . It did close above that yesterday, so there is more potential to the upside and we are building this flag shaped formation. In this scenario, normally, we should expect a move to the upside, but I would recommend to stay sharp because of the 1.32680 level. The market likes to surprise everyone (we understood that yesterday).
You can try to take a quick BUY or SELL position on a break, but keep your finger on the execution button just in case.
Be careful and keep an eye on the price action!
Comment:
It popped!! =)
Comment:
We had our pop, so no longer valid.
