GBP/USD 1-2-3 Bullish Move as Expected

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The GBP/USD is in uptrend. The recent retracement was used to find buyers at support. The POC zone was perfect for longs as you can see on my chart.

1.3650-1.3700 is the zone where buyers were in the history. The move which preceded buying in the zone is the biggest 1-2-3 swing in the 4h timeframe. Bulls have taken over and expected targets are 1.3832, 1.3903 and 1.3982. Traders who have already bought might scale out and enjoy a free ride.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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