Fxprotrader

GBPUSD: Solid Level To Watch For Longs

Long
FX:GBPUSD   Livre sterling / Dollar américain
Hello guys..! Basically this post is quite similar with my previous on GBPUSD and although i hate spamming i thought i should create a new one to have everything in place. Price is clearly in an uptrend making HH and HL, and it's now testing a level where any buy setup completion (based in our strategy) would be a good opportunity. AT the level we have the broken downtrend now acting as a support level, the slide parallel of a valid upslope median line, previous structure and the 0.618 fib retracement level of previous impulsive wave. We have too many factors to go long. But first we should wait for a setup to complete.

Thank you for your support and your kind words. Follow this post by clicking thumbs up to get noticed if i update..!
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