GBPUSD Long opportunity by utilising the weekend gap down on open.
The rest of the analysis for a long bias is the bullish trendline, fib 0.618 retracement and the structure zone at this level on the chart.
Stop loss = 50pips
I will move my stop loss to breakeven when the gap is closed.
The rest of the analysis for a long bias is the bullish trendline, fib 0.618 retracement and the structure zone at this level on the chart.
Stop loss = 50pips
I will move my stop loss to breakeven when the gap is closed.
Trade active
Note
Weekend gap is now closed. You could now secure profit here or reduce your risk.Note
GBP bullish momentum now in play... I am taking some profit at 1.31 because I have this known as a reaction zoneTrade closed manually
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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.