gbpusd long idea

15 de jul. de 2020

Price rejected the daily structre yesterday. After the rejection it impulsed upwards. Looking like inv head and shoulders. Right shoulder might be between 0.5-0.618 fibonacci taken from the low to the high of the previous impulse. The position showing in here is symbolic. Just expecting this direction if i see a higher timeframe wicks. React after the wicks.

16 de jul. de 2020

Nota

Failed to break above the trendline. Huge rejection on 4h to the upside. 4h Higher low and i might look for another long position.