GBPUSD Trade Idea

٤ يناير ٢٠٢١

GU is currently in a strong uptrend with the recent upwards breakout of 1.3617 daily resistance zone. In the previous analysis (Saturday / 2nd Jan), I expected GU to re-test 1.3617 zone with trendline confluence for further bullish continuation. The setup remains the same today, Ideally i expect the market to re-test the 1.3617 technical support zone for a break & re-test setup. However, if price just continue its bullish momentum will be looking to enter the market with any pullback/ exhaustion patterns (Eg. flag, pennant, 1st pullback rule), with 1.38 as the target.

Trade safe.

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٤ يناير ٢٠٢١

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