Wait for a reversal pattern to form in the Buy range 1or 2, Looking to target 1.30000 & 1.32000. We can see 1.28000 area is supported ed by the 50% fib, over the week we can see the dollar getting softer that help this pair gain bullish momentum. Due to the Brexit deadline approaching we can see a lot of noise in GBP pairs as headline appear.
Looking to Buy GBPUSD from the Buy range (1.28000-1.28150) , Target is near the 1.29000 level (+-100pips).
Only enter this trade if you see a reversal pattern or bullish price action on the 1H chart.
We can see indecision candles forming on the daily , this can result in price consolidating between these two levels.
Looking to short GBPUSD from the sell zone (1.29000), we can see there is a 4h R1 pivot and a 15min daily R1 pivot in this zone. My target is to 1.28400 this is close the gap also.
Only enter if you see a reversal pattern in the sell zone!
Do not enter this trade if the pair closes the gap before price hits the sell zone.