Sterling ( GBPUSD ) hit exactly our planted target 1.4980 approximately and then got the decent bounce from that.
We are neutral at the moment on GBPUSD for now as rally looks has completed all requirements and also ewolf targets too.
We have to wait for the reflex point play for now.
There are 2 points for now :
1) If Cable cross 1.5130 then it will confirm that upside little rally is arising,
2) A break below 1.5020 will push us to think towards the 1.49 level as the ideal to place our requirements,
So where ever it will go , we will catch it and for now we should stay patience.
Trading recommendations :
Stay patience and look for the opening doors. 1.5130 is for upside and 1.5020 is for downside. A risky sell you can now 1.5105 stop 1.5125 target 1.5030 then next but its risky.....!!!!
We are neutral at the moment on GBPUSD for now as rally looks has completed all requirements and also ewolf targets too.
We have to wait for the reflex point play for now.
There are 2 points for now :
1) If Cable cross 1.5130 then it will confirm that upside little rally is arising,
2) A break below 1.5020 will push us to think towards the 1.49 level as the ideal to place our requirements,
So where ever it will go , we will catch it and for now we should stay patience.
Trading recommendations :
Stay patience and look for the opening doors. 1.5130 is for upside and 1.5020 is for downside. A risky sell you can now 1.5105 stop 1.5125 target 1.5030 then next but its risky.....!!!!
Idee correlate
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Forex_Impulse
about EURUSD