4/10/19 GBP/USD

Apr 10, 2019

This trade might be setting up if we get a nice rejection of the 61.8 zone. Ive traded this zone 3 times in the past week and a half. USD CAD is also approaching a big support level waiting for the bulls to take over and that pair is inversely correlated with this pair. This zone might be getting ready to break but I still have a bearish outlook on this pair. 1.30000 might break. But who knows Brexit is delayed AGAIN. Keep an eye on the 4HR close This Risk to Reward is a 4:1 which is very nice.

This is an analysis not a signal. Trade at your own risk with proper risk management.

Happy Trading!

Apr 18, 2019

Trade closed: target reached