Yungtunes

GBPUSD Possible Long

Long
FX:GBPUSD   British Pound / U.S. Dollar
Following price's Bullish move on Thursday, we can see that price is currently consolidating to the upside. Originally we should be looking for buys after retracement, but, with this consolidation, there are only two scenarios
1. Wait for price to develop properly, or
2. Expect price to break the low of the range, taking out the the SLs residing there, find support at the red rectangle and rally to the upside
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