GBPUSD what's next?

5 Mar 2016

For my previous post and context see previous post below:

Price tested the upper structure line and I'll be focused on the next break out either bullish or bearish. I think we might see some bullish continuation to at least close the gap. However I trade what I see and like to see a consolidation first before opening a new trade.

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7 Mar 2016

Not

moving as projected, we saw the break and I expect a move towards 1.435.

7 Mar 2016

Not

10 Mar 2016

Not

We saw another impulse higher, watch for a consolidation and if we see a continuation buy GBPUSD towards minimum target at 1.435.

11 Mar 2016

İşlem kapandı: hedefe ulaştı

The Pound made the move higher towards the target zone and even overshoot it. I will update this pair later when I spot another trading opportunity. We had a nice run and the Risk/Reward was almost 10/1 from the original entry with several opportunities to add. These kind of trades and profit show why you can wait for the perfect trade. Have a nice weekend all.