GBPUSD closed with a bullish weekly candle. The week ahead I am anticipating a continuation off the bullish behaviour towards the 50% and 61.% fib level. A clear break and confirmation of my checklist would activate this bullish scenario. However, failing to clearly break this and fulfil my confirmation checklist we could see bearish behaviour back towards 1.25000.
Trade active:
As in part two off my scenario. We did not get a break and retest (with confirmation) and thus the bearish scenario followed through exceeding the 1.25 mark.