GBPUSD - Time to position for some bullish Brexit news?
Trade Idea
Price action looks to be forming a bottom.
A bullish reverse Head and Shoulders is forming.
We have a 38.2% Fibonacci pullback level of 1.2115 from 1.2075 to 1.2240.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look to buy dips.
We look to Buy at 1.2120
Stop: 1.2075
Target 1: 1.2240
Target 2: 1.2270
Price action looks to be forming a bottom.
A bullish reverse Head and Shoulders is forming.
We have a 38.2% Fibonacci pullback level of 1.2115 from 1.2075 to 1.2240.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look to buy dips.
We look to Buy at 1.2120
Stop: 1.2075
Target 1: 1.2240
Target 2: 1.2270
Trade stängt: målet nått:
Target achieved. Time to start buying dips?
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