It's retracement week for the GBP/USD. Upside continuation is expected after that. Exact entries will be confirmed with price action.
Trade active:
Suprise at the market open! Price opened up at our selling area and also left a big gap below it that should be filled. Here I suggest opening a small aggressive trade to the downside. We are still waiting for full confirmation that retracement to the 1.32000 will happen, we will stack up our selling positions after that.
Trade active:
Price is a bit above the 1.33, if it breaks the 1.3325 level again our sell setup is invalid. You can add another sell position now with stop loss above 1.3325
Trade closed: stop reached:
Resistance has been broken, we are expecting more upside continuation now with possible retracement to the 1.3310 area where is our new support. We risked 10-15 pips and got stopped out