GBPUSD, 4hr tf, wave-5 to the upside

Trade ideas for GBPUSD by Hardi

We could see further upside in GBPUSD. Price moving in sideways direction for the last 3 weeks. I think we will have explosive movement soon.

We also currently completing WXY correction and might continue to go upwards completing wave-5. Wave-4 complete exactly at ascending trendline support.

Notice that FOMC is just around the corner so minimize your risk as low as possible.

Buy GBPUSD 1.4120
Stop loss 1.4060
Take profit 1.4300 (3R)

Use only 1-2% risk
Good luck