Have a look at the bigger picture for context below.
We saw an impulse higher for the GBPUSD which might have completed the projected wave 4 we determined on January 21st.
For today with NFP on the agenda I will be looking at the following scenario's.
-we either see some kind of flag pattern shown on the chart followed by a bearish break, this will be a sell trade with long term target 1.39.
-or we see a leg higher followed by a consolidation that will present the next buying opportunity shown by means of the green-red-green arrows.
www.timstuyts.com
facebook/timstuyts
We saw an impulse higher for the GBPUSD which might have completed the projected wave 4 we determined on January 21st.
For today with NFP on the agenda I will be looking at the following scenario's.
-we either see some kind of flag pattern shown on the chart followed by a bearish break, this will be a sell trade with long term target 1.39.
-or we see a leg higher followed by a consolidation that will present the next buying opportunity shown by means of the green-red-green arrows.
www.timstuyts.com
facebook/timstuyts
