GBPUSD closed the week at 1.3576 after being rejected from 1.3710 level on Monday opening will decide if we get opening from same level than slight limited upward move till 1.3620-40 level is expected and from their downward move to 1.3510 level is possible
second possibility is opening low if we get low opening below 1.3560 level and get positive closure of H4 below 1.3560 level we expect downward move till 1.3480 -1.3510 level so Monday opening will decide trade plan right now no position open areas marked with red are possible selling area and green possible buying only if get closure of H4 below red and above green incase closure of H4 below green and above red we will change the plan.
Disclaimer: its not financial recommendation just for educational purpose
second possibility is opening low if we get low opening below 1.3560 level and get positive closure of H4 below 1.3560 level we expect downward move till 1.3480 -1.3510 level so Monday opening will decide trade plan right now no position open areas marked with red are possible selling area and green possible buying only if get closure of H4 below red and above green incase closure of H4 below green and above red we will change the plan.
Disclaimer: its not financial recommendation just for educational purpose
Trade closed: target reached:
Shorted the pair from 1.3559 and closed at 1.3519 gained 40 pips