Dear Traders,

Today I have found one more trading opportunity in the GBP/USD pair. There is a formation of three daily candles that is as strong as a classic two-candle bullish-engulfing pattern. The red bearish candle from Tuesday has been engulfed by two consecutive candles. Price action is once again strongly supporting for more bullish momentum in the next few sessions. I will be looking for the price to make a slight correction towards the levels of 1.6010, where my buy order will be placed. The stop for this trade is at 1.5930.

Happy Trading,

Colibri Trader

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