Price in 50% retrace level and above 200 EMA
If we look to GBPUSD we will find that this pair started a new trend and downtrend is almost(maybe) finished.
Considering this new uptrend we had a pullback and now this pullback came to 50% fib retracement level and also 200 EMA, Yesterday we had a bullish candle so price facing support in this area.
Going long from this level is a good opportunity to catch and ride this new trend also our risk will be small(My SL 1.5471).
Considering this new uptrend we had a pullback and now this pullback came to 50% fib retracement level and also 200 EMA, Yesterday we had a bullish candle so price facing support in this area.
Going long from this level is a good opportunity to catch and ride this new trend also our risk will be small(My SL 1.5471).