GBPUSD**Long for W5
see Bullish Butterfly
Price hold by channel bottom, likely going to bounce for wave 5.
Buy after breaking out resistant level $1.292
Estimated entry:$1.289
sl:$1.27
tp1:$1.301
tp2:$1.328
tp3:$1.337-1.34
The Fundamentals:
Jun 8,United Kingdom general elections
Jun 15, BOE rate decision meeting:
In May meeting,BOE said the timing of the first rate hike will be in the Q4 of 2019, and the tolerance is limited for the inflation being higher than the target. if the Bexit process, may accelerate the pace of rate hikes.
Price hold by channel bottom, likely going to bounce for wave 5.
Buy after breaking out resistant level $1.292
Estimated entry:$1.289
sl:$1.27
tp1:$1.301
tp2:$1.328
tp3:$1.337-1.34
The Fundamentals:
Jun 8,United Kingdom general elections
Jun 15, BOE rate decision meeting:
In May meeting,BOE said the timing of the first rate hike will be in the Q4 of 2019, and the tolerance is limited for the inflation being higher than the target. if the Bexit process, may accelerate the pace of rate hikes.
Transaction en cours
effected1.2688 for small lot ,and will add after break outNote
4H chart update: waiting for a break outNote
added 1.29Note
1H chart update: tg:$1.30029Note
took some profits at 1.29528. since UK election, waiting for retracement.Trade fermée manuellement
profit takenNote
4H chart update: possible movement of GUtake care of support level 1.291xx n $1.289
Transaction en cours
longed again w/small lot 1.2919
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