GBPUSD - see also GBPJPY & GBPAUD.

Pullback is now due - next run north should come around the 15th of August.

COT data showing some shorts added and a lot of longs out of the system.

Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

Trade closed: target reached:

down to the TP level and up exactly where the yellow Dot said it would turn.