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Daniel_M_Forex

GBPUSD Long, Waiting on higher timeframe candle closures

Long
British Pound / U.S. Dollar (OANDA:GBPUSD)  
Daniel_M_Forex  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Fundamental Analysis Beyond Technical Analysis
4
0
trendanalysis fundamental beyondta
This is a GBPUSD long position that has the potential of being a swing trade. Currently, I'm waiting on GU to continue pushing down to the yellow zone to form a solid higher low and retest the 0.5-0.618 Golden zone. Sentiment is currently 66% short & 34% long, if sentiment shifts to majority long during or after the next 4hr candle closure this trade becomes invalid. There is no major GBP or USD news on the calendar for the next 2-3 days, MAJOR GBP news at 7-7:30 am EST on Thursday and NFP on Friday. If trade remains valid and activates, expect update on Wednesday.
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