According to the form of the curve, it seems prices have shifted temporarily from bearish to bullish.
I am looking to take advantage of today's GBP strength and buy the pair as soon as the channel is broken to the upside.
I will first target the 50% retracement, then wait for a re-test of the structure. If i see a rebound, I will target the 61.8% fib retracement (T2).
Trade at your own risk
I am looking to take advantage of today's GBP strength and buy the pair as soon as the channel is broken to the upside.
I will first target the 50% retracement, then wait for a re-test of the structure. If i see a rebound, I will target the 61.8% fib retracement (T2).
Trade at your own risk
Trade closed: target reached
T1 Reached, en route to T2!Note
My Target 2 is 1.82030Note
Zoom on M15Note
Note
Note
*** update *** 
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.