GBPUSD Long - 6 to 1 - Against Trend?

Hello all - DuncanForex here with another trade idea

I am looking for GBPUSD to go long - even though it is at resistance - if the highs of 1.2088 are broken - I think there is scope to reach the 1.2175 area


This is based on short term sentiment and a strong upwards leg today which I think after a small retracement could continue an AB=CD retracement tomorrow.

A few buy stops are in place - lets see how it plays out.

Thanks for looking at my trade idea

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Thanks

Duncan

Kommentera:

a close up view below

Kommentera:

buy stop not triggered on initial plan - looking for buy stop to activate on the following