Nice trade with good risk reward if trend line holds.
100 SMA broken, but bullish channel remains unless the candle closes below 96.50. 97.50/97.80 potential before EOD tomorrow if not.
I'm bullish on the pound, but trading it today (certainly AM) is too risky for me, i think BOE will be bearish for GBP initially. I am looking for a position to enter long, but not until 1.2830, and ideally 1.2780. Trade with caution!
hitting the bottom of the bearish channel and then up.
potential drop as we approach US GDP report in the next hour. I don't see much of a drop below 1.2750 before moving back to mid 1.2900's. closing 50% at that level, but i will keep 50% open waiting for DXY to turn bearish next week.
Hoping for a move downwards if we can hit 11016 (around 200d SMA) Fib level a little higher. Will set stop at break even before newsat 13:30pm if i can get 10+ pips in profit.