GBPUSD Strong Confluence Bounce

Feb 12, 2018

GBPUSD's price action just bounced off on Friday on a strong technical area of interest. There lies a confluence of 31.8% fib (2018 High and Low), ema50 as support, and an rsi divergence.

Go long on shorter time frames. Look for an opportunity to enter long.

Updates shall be posted on the comments. Stay tuned!

Comment:

With the total sell off of the US dollar, my first position in GBPUSD has already gained almost 200pips. I have two open positions currently running on this pair. I'm still looking to add some position on every deep.

I'll be posting my additional trades here. Caveat!

Trade closed: target reached:

target was reached 3 days since the position was placed.

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