GBP USD create a inside bar formation. Target is on fibo 38.2 level. H4 chart market is in correction mode. This pair is still in bearish side. But look last 5 days activity. 150+ pips down in 5 days. which i assume bearish momentum dry up. Stoch (5,3,3) create a bullish divergence. So I have made decision for taking this short term long position.
It is my opinion only. Take entry at your own risk and always maintain money management in forex trading and use proper stop loss.
Thanks.
It is my opinion only. Take entry at your own risk and always maintain money management in forex trading and use proper stop loss.
Thanks.
Comment:
TP Hit.