GBP/USD Long Trade Update
Hey Guys!
There was actually a new weekly short trade that formed this week, so the weekly bias remains long however, the target has changed to 1.3750. Moreover the Entry level at 1.3313 and the Stop loss at 1.3163 does not change.
Furthermore, we got some waning of short term short strength with the Break Out of a downward 1H trendline and no immediate break back in.
So for the time being, I'll still be watching for some short term short strength to kick back in. So I can get a pullback to the long entry point at 1.3313.
Have a great day guys!
Ken
Disclaimer: This is not Personal Financial Advice.
There was actually a new weekly short trade that formed this week, so the weekly bias remains long however, the target has changed to 1.3750. Moreover the Entry level at 1.3313 and the Stop loss at 1.3163 does not change.
Furthermore, we got some waning of short term short strength with the Break Out of a downward 1H trendline and no immediate break back in.
So for the time being, I'll still be watching for some short term short strength to kick back in. So I can get a pullback to the long entry point at 1.3313.
Have a great day guys!
Ken
Disclaimer: This is not Personal Financial Advice.
Forex Trader/Forex Trading Education/Weekly Forex Forecasts and Midweek Forex Analysis