GBPUSD - Possible long entries after the Breakout.
GBPUSD had a breakout of the range it was in to the upside.
Looking to buy pullback.
-First possible aggressive (more risky) entry at 1.455
-Second possible entry at the bottom of the pitchfork channel in the range of the Fib between 1.448 and 1.452
As long as we kinda stay in the pitchfork formation we are good for longs.
Targets to watch if we break to the upside again 1.479 and 1.49
If the USDOLLAR fails at this point the cable could get some fresh bullish air.
Also very important: event Risk for the upcoming day. BoE rate decision + some data on GB. So don't jump into a trade blindly! If the BoE is really dovish / bad inflation data we could give back everything pretty fast.
Looking to buy pullback.
-First possible aggressive (more risky) entry at 1.455
-Second possible entry at the bottom of the pitchfork channel in the range of the Fib between 1.448 and 1.452
As long as we kinda stay in the pitchfork formation we are good for longs.
Targets to watch if we break to the upside again 1.479 and 1.49
If the USDOLLAR fails at this point the cable could get some fresh bullish air.
Also very important: event Risk for the upcoming day. BoE rate decision + some data on GB. So don't jump into a trade blindly! If the BoE is really dovish / bad inflation data we could give back everything pretty fast.
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