Dear GBP/USD Trading Idea Traders

The trading signal from last time is still valid. It has returned quite a few pips before making a correction back to where the signal was initiated. I am still long in this instrument and will be closely monitoring the daily session tomorrow. The support level at 1230 still holds tight.
Today’s trading idea is coming from GBP/USD. I am looking to go long this instrument. The intraday price action was quite bullish and the two daily candlestick bars are engulfing the previous two. It is a complex bullish engulfing pattern that leads me to think that we are going to see even more bullish action. I am looking to go long at 1.4230. My stop would be placed just under 1.4100. My first target is the level of 1.4500. Then, it will come down to price action to choose direction.

Kind Regards,

Colibri Trader

(Visited 168 time, 1 visit today)