LOW RISK HIGH REWARD SETUP ON GU
Currently seeing a long bias on GBPUSD over the next few weeks, however suspecting some downside movement to play out first. Strong rejection from 1.2575 zone indicating a strong upside and would need some manipulating in play to fulfil the downside zone.
We could still go long on GU adjusting our position to 1.266 and moving our SL to 1.255 we need a strong daily candle close above 1.2684 to confirm the upside trend.
We could still go long on GU adjusting our position to 1.266 and moving our SL to 1.255 we need a strong daily candle close above 1.2684 to confirm the upside trend.
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.