Disappointing NFP results have discerned the market's want for USD dollars. GBP on track to continue its steady uptrend after being overbought with a slight correction.
Buy GBP 1.38460 SL 1.38360 TP 1.38900
Confluence Details:
1. Price reversal and momentum change at 1.38500 key level
2. Bullish fakeout identified in a uptrend - (LH and LLs made within a larger uptrend)
3. 0.618 Fib Retracement level and 1.272 fib extension confluence at 1.38460
4. Prices correcting to a liquidity zone after being overbought.
5. Fundamental news backs an uptick in GBP
Please Note: Ony risk 1-2% of bankroll per trade. Otherwise Happy Trading!
- MaverickCurrency
Buy GBP 1.38460 SL 1.38360 TP 1.38900
Confluence Details:
1. Price reversal and momentum change at 1.38500 key level
2. Bullish fakeout identified in a uptrend - (LH and LLs made within a larger uptrend)
3. 0.618 Fib Retracement level and 1.272 fib extension confluence at 1.38460
4. Prices correcting to a liquidity zone after being overbought.
5. Fundamental news backs an uptick in GBP
Please Note: Ony risk 1-2% of bankroll per trade. Otherwise Happy Trading!
- MaverickCurrency