GBPUSD trade idea

2 Oca 2021

In the previous analysis (Thursday/ 3st Dec), I expected GU to re-test 1.3611 for further continuation setup, which was exactly what the market performed. However, always examine the strength of breakout as compared to the prior range to understand if it's a true breakout or probe. Coming into Monday's (4th Jan) session, we want to see some exhaustion candles and rotation back to re-test 1.3617 zone & trendline as confluences for further continuation. If 1.3617 zone is respected, looking for long-term buying opportunities with 1.38 as primary target.

Will keep it updated on Monday. Trade safe,

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2 Oca 2021

Not

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