GBPUSD - Long ( Potential Swing Trade)

Happy Wednesday Everyone!

I trust everyone is bless.

New potential swing trade for 2/4 - GU

Higher Time Frame Analysis - Lower Time Frame Entry

- Price broke previous daily resistance, now support.(Also weekly support)
- Daily strong bullish trend line.
- As we look to close the first 3M candle for the year, if the markets holds above the support line&trendline, I see price heading towards 1.31 (Previous Yearly resistance candle)
- 50% Fib Retracement
- (Not considered any news events yet - purely analysed from a technical standpoint)

I’ll definitely keep my eye on this and share my thoughts/updates as we approach April.

Please share your own view below.

Happy Trading/Investing :)

God bless

İşlem aktif:

Wow!

This trade flew up quickly😅

I unfortunately didn't enter this trade.

I'll look to enter 'Buys' next week depending on the Weekly candle stick pattern.