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GBPUSD – Buy Trade Setup From Corrective Zone Profits | May 13
GBPUSD – Buy Setup From Corrective Zone Profits (1hr chart)
Yesterday in the members trade setups commentary, we talked about ST support coming it at 1.5645 being the bottom of the corrective zone as a potential trade location to buy.
As you can see from the chart below, this held 4x before pushing the pair about +100 pips higher, so congrats to the members who profited from this.
For now, my ST line in the sand for bulls is around 1.5558. Only a daily close above here negates my ST bullish bias. Upside I’m still expecting 1.5825 to be hit.
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