After waiting patiently to see what would happen near support, it looks like the GBPUSD is headed north for a bit. We could be forming a sideways channel of sorts, but I think support will fail eventually. Just not right now.
I bought the bounce with a tight stop below support: long @ 1.2140, stop @ 1.2105, target @ 1.2257 (extended fib). Now we wait and see.
Note: I've had to close a few of my trades early today because of the chop. Still posting profits, just small ones.
I bought the bounce with a tight stop below support: long @ 1.2140, stop @ 1.2105, target @ 1.2257 (extended fib). Now we wait and see.
Note: I've had to close a few of my trades early today because of the chop. Still posting profits, just small ones.
