GBPUSD - Long Idea

DRAW - 1.30425.

Prior Month High @ 1.31445
Prior Week High @ 1.30425

Prior Month Low @ 1.26617
Prior Week Low @ 1.28289

Looking for initial dip to get long in to 1.30425 and 1.31445. If prior week low (1.28289) is broken then would have to re-look at levels.

Kommentera:

Cable has dipped in price as expected.

There is also some divergence between USDX (Made HH) and the GBP (Hasn't yet made a LL) from the 24th August.

Will look for LO setup to get long on the GBPUSD.

Kommentera:

Levels Hit!