GBPUSD - Potential Bullish Move tomorrow - Lets wait and see
Updated
Hello all - DuncanForex here with another trade idea
Following todays price action, I think the market has printed a Bullish Gartley pattern on the 1 hour chart.
If the highs get broken , then my Buy stops will activate.
I am looking for more USD weakness , however looking at correlating pairs
USDCAD is very bullish and therefore could lead to more USD strength
However it is important to remember
Trading CAD, AUD and NZD against the USD is not the same as trading EUR, GBP and CHF as the first three are commodity driven currencies.
If GBPUSD gains strength and USDCAD gains strength - GBPCAD is going to fly higher tomorrow.
DuncanForex.com is now live
Thanks for looking at my trade idea
Duncan
Following todays price action, I think the market has printed a Bullish Gartley pattern on the 1 hour chart.
If the highs get broken , then my Buy stops will activate.
I am looking for more USD weakness , however looking at correlating pairs
USDCAD is very bullish and therefore could lead to more USD strength
However it is important to remember
Trading CAD, AUD and NZD against the USD is not the same as trading EUR, GBP and CHF as the first three are commodity driven currencies.
If GBPUSD gains strength and USDCAD gains strength - GBPCAD is going to fly higher tomorrow.
DuncanForex.com is now live
Thanks for looking at my trade idea
Duncan
Note
trade never activated
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