GBPUSD: Looking For Bullish Move Into Obvious Momentum
Friends,
Long is the word, looking for a move to channel top, which is an obvious first target. If this move succeeds we will see the 200MA curl around giving us a longer term uptrend, perhaps. Note there was recently a golden cross, which is instrumental in providing us with uptrend confirmation.
Looks good for safe entry now, recommend 15 min chart for the order execution, due to it being quiet nimbly to the upside, perhaps slightly overenthusiastic.
Regards
Tom
Long is the word, looking for a move to channel top, which is an obvious first target. If this move succeeds we will see the 200MA curl around giving us a longer term uptrend, perhaps. Note there was recently a golden cross, which is instrumental in providing us with uptrend confirmation.
Looks good for safe entry now, recommend 15 min chart for the order execution, due to it being quiet nimbly to the upside, perhaps slightly overenthusiastic.
Regards
Tom