GBP/USD Bullish Butterfly
It looks as if GBP/USD has found enough support above 1.3711,
at least for the time being.
If the 1.3711 level holds, then I would recommend the
three long trade setups for next week as today will be too
volatile to enter.
Trade 1
Entry: Close above 1.37788
S/L: 1.37038
T/P: 1.38569
Trade 2
Entry: Close above 1.38569
S/L: 1.38188
T/P: 1.39332 (61.8% Fib retracement)
Trade 3
Entry: Close above 1.39411
S/L: 1.38766
T/P: 1.40701
Happy trading.
It looks as if GBP/USD has found enough support above 1.3711,
at least for the time being.
If the 1.3711 level holds, then I would recommend the
three long trade setups for next week as today will be too
volatile to enter.
Trade 1
Entry: Close above 1.37788
S/L: 1.37038
T/P: 1.38569
Trade 2
Entry: Close above 1.38569
S/L: 1.38188
T/P: 1.39332 (61.8% Fib retracement)
Trade 3
Entry: Close above 1.39411
S/L: 1.38766
T/P: 1.40701
Happy trading.