RenkoBuddy
Long

GBPUSD 07/05 FORECAST

OANDA:GBPUSD   British Pound / U.S. Dollar
Currently watching price pull back from Asian/London cross movement. Expecting bullish trend to continue and ease of U.K. lockdown may be announced Monday.

Trade plan for the day is to capture two 30 point movements.

1st will be if price reverses from 50SMA with buy signals. 2nd after another pullback from that move.

Timescale would be the 1st during London’s morning session with a pull back before the US markets open. Setting up the 2nd movement to happen during the US session.

Comments

Forecast became null, SMA50 never held as support, might have turned to new resistance. Entering shorts below on sell setups
Reply
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