This is my trade plan for may, 2020, with GBPUSD . Price has shown a rejection of 1.21543, effectively confirming a . We are on a 2nd lvl retracement on the monthly, with a projection to retrace to 38.5%fib. Price has alreadly made a rejection of the previous support of lvl 1 (1.43149), meaning this is the 2nd leg of rejection confirming lvl 2. My plan is to buy above the wick of the end of today's candle. My TP will be at 1.40998 (1400pips).
**And if price falls a bit lower to form a range, I will buy from the wick of the breakout candle.
Looking forward to a successful trade.
**Please like and drop your comments. I will respond to them as soon as i can. Thanks