GBP/USD: Buy?
Diupdate
We are currently at consolidation and I'm leaning towards an upward bias! WHY?
1. We had a break of a downtrend.
2. We had an impulse to the upside.
3. We retraced and started to form a consolidation period.
4. We had a huge entry of buy pressure at support of our consolidation zone!
I will be waiting on a break and retest of our current resistance and I will be looking to enter long on buy confirmation!
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What are your thoughts on this pair? Please feel free to let me know in the comments section!
1. We had a break of a downtrend.
2. We had an impulse to the upside.
3. We retraced and started to form a consolidation period.
4. We had a huge entry of buy pressure at support of our consolidation zone!
I will be waiting on a break and retest of our current resistance and I will be looking to enter long on buy confirmation!
If you find this idea useful please leave a like and follow me for more content like this!
What are your thoughts on this pair? Please feel free to let me know in the comments section!
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