GU Update

Market prediction:

Sell @ 1.7270

TP @1.6980

Stp @1.7300

today chart setup

gbp usd could directly rise to 1.7803 area or make a retracement to 1.7150 - 1.7180 area before bounce up to 1.7803 area...

i dont have an entry

no trade for this day

daily chart setup

sell @ 1.7113-1.7147
tp1 @ 1.7010
tp2 @ 1.6790

NB: maintain your stop carefully... wait until the upward movement finished... and stop at the (top of the needle + your trading spread)

re-test low area

now GU will re-test yesterday low area around 1.7171 before continuing either his downtrend or creating new uptrend

suggestion

sell @ 1.7320 -1.7350 area
stp @ 1.7360
TP @ 1.7177

OR

BUY @ 1.7171
Stp @ 1.7140
Tp @ 1.7300