GBPUSD LONG IDEA

11 בפבר׳ 2021

A pullback towards 137.500 may provide a really nice long position
We also have the fib level 0.382 and 0.5 area together with a very very strong previous resistance zone now broken turned support
Pair has been super bullish with roughly 200 pips till the big 140.00 zone which i do think will be achieved
Break below fib 0.618 area will invalidate this trade for me
Will be patiently waiting on smaller time frame for valid entry requirements , like London session should see a nice move up unless it wants to hunt more stops which will give us a better entry price

i hope this helps some of you , please use you analysis to enter trades

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Trade safe and waiting does pay