Looking to short GBPUSD TO 1.28000 range.
Buying GBPUSD from 1.28000 range to 1.29000.
Selling GBPUSD from 1.29000 range to 1.25000.
We will be waiting on price action to confirm entries at the ranges.
Note: This is a long term analysis that may or may not play out, we will be using intraday accuracy based strategies to ride the trends.
Entry criteria: Do not enter if the price breaks the selling area. Wait for a reversal to enter.
Exit criteria: When the price hits target 1 put SL to breakeven. If price breaks target 1 area with momentum then TP at target 2.
Trade at your own risk.
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.