POTENTIAL TRADE: GBP/USD
On G/U we can look for potential buy opportunites. This pair has shown much bullish momentum over the past couple of weeks. We also notced a bearish engulfing wick wick formation as price approached the 1.32 level. We do believe that this pare will move back to the upside and tap its intended tagret of 1.32. Entries look appealing at current market price with stops placed 40 PIPS below at 1.315.
On G/U we can look for potential buy opportunites. This pair has shown much bullish momentum over the past couple of weeks. We also notced a bearish engulfing wick wick formation as price approached the 1.32 level. We do believe that this pare will move back to the upside and tap its intended tagret of 1.32. Entries look appealing at current market price with stops placed 40 PIPS below at 1.315.