GBPUSD slips due to election & terrorist attack issue. Technically I am still bullish bias on this pair. Going in LONG with risk reward 1 : 2.7
Reason : - 1.2780~90 is a strong support area in Daily TF @ fibs level 38.20% - Double bottom & Higher High forming in lower TF. - If this support break, next buying area will be 1.2740 area @Fibs level 50% before SL. - Potential to reach next resistance points :
Entry point Long : 1.2795 area ; TP1 : 1.2865 area, TP2 : 1.2905, TP3: 1.2980 ; SL 1.2830 area
Risk Reward 1: 2.7 Trade safe everyone despite of many news ahead ; Always remember to trade with stop-loss, market is crazy & cunning*
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+60pips on hand now, will GBPUSD break 1.2870 & cross above my EMA21? lets see
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Re-entry at lowest using BUY LIMIT hitted @ 1.2770 area. Currently doubled my position for more profit.
Still, trade with cautious everyone!
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TP2 : 1.2905 hit ! took some nice profit here.
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After yesterday movement. Currently this pair is sitting' on previous resistance (now support), a further upside can be expected. Target 1.2980-1.30
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This pair is currently struggling to break above 1.2900. I've personally closed my position with some profits despite of no trades position over the weekend.