Hi traders!
(This analysis was already shared with current students last Friday)
GU dropped quite a lot since that super strong bullish breakout. It is all normal behaviour since this run didn't have no real corrections, no real breathers, no nothing!
Also, this happened along with the other majors pairs that got pounded vs USD.
Now that the DXY somehow slowed down and hit a invisible resistance, all majors pairs today are back in green vs USD
MACD giving us early signs of a potential pullback
RSI couldn't really go beneath 50
Here is what I'm thinking:
GBPUSD LONG:
ENTRY : 1.30576
SL : 1.329881
TP : 1.32992
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.