GBPUSD Setup

Details on chart.

Kommentera:

GBPUSD kept stop and reversed from 1.40 level..
Broad Range still in process of 1.40 and 1.45..

Kommentera:

Gu holds bullish pattern on small time frame.. and move towards 1.42 and high still possible today.

Kommentera:

Clear break required of 1.4156.. otherwise it will fall back towards 1.406..

Kommentera:

We now have break of resistance.. now lets see how long it sustain above..

Kommentera:

Break of 1.4255 would be extremely bullish with 4hr candle close above it will confirm more upside.

Kommentera:

Daily chart.

Kommentera:

Stop now at BE. Fall below 1.4155 will make it bearish.

Kommentera:

We have now break of 1.433.. so rise above 1.44 is very likely.

Kommentera:

1.4367 is trendline resistance..

Kommentera:

Closing half of position.. and remaining at BE.

Kommentera:

Possible Head and Shoulder.. just an idea..