Long GBPUSD before going Short on High

As a result of delaying in Brexit Vote, Sterling might find some support before going Long again for the remaining days of the week. Any positive outcomes on Brexit will sparks bullishness of Sterling further. However, as the Fibonacci 78.6% awaiting as resistance zone at the price around 1.3075-1.3100 it might conclude that the upward movement is market intention to reentry Short on High.

Trade ist aktiv:

Price fail to make deeper correction towards 1.2825 and trying to stay above last week high which indicate the intention of market trying to push the price higher. If the price manage to close above 1.2900 on hourly chart, stay Long towards 1.3100.

Trade ist aktiv:

Securing trade with stop loss around 1.2930.

Trade geschlossen: Stop wurde erreicht:

Will consider to reentry if daily close is still above 1.2875.

Trade ist aktiv:

Daily still close above mentioned support price, hence expect more upwards movement before Short on High.