Honestcowboy

GBPUSD Long the Kumo Bounce

Largo
Honestcowboy Actualizado   
FOREXCOM:GBPUSD   Libra esterlina/Dólar estadounidense
We got a move straight to the top of the long term cloud and then a big retracement towards the top of the short term cloud. This also coincides with the neckline of the previously formed head and shoulders pattern. Places where multiple supports confluence are usualy very good areas to open a trade. I expect the price to go back up to the top of the orange cloud and put my stop loss right below the right shoulder of head and shoulder formation.
Operación cerrada: objetivo alcanzado:
Does not seem to be able to go higher so closed position

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