GBPUSD after a long decline is giving a Buy setup on hourly and 4 hour chart. I am going to use Divergence trading strategy to enter the trade at 50 to 61.8% Fib Retracement as shown on the chart. The Divergence trade has qualified since it has made a new high.. There are several trendline hurdles in between but I expect it go higher atleast till 1.4450 level.s One can go long at retracement or breakout.
If you have any questions about the trade then let me know. Any comments or like are appreciated.
Happy Trading!!
Siraj Hudda, CFTe
Web: www.prowaveanalysis.com
Skype: sirajhudda
Email: contactus@prowaveanalysis.com
Facebook: www.facebook.com/prowaveanalysis/
Twitter: twitter.com/sirajhudda
LinkedIn: in.linkedin.com/in/s...j-hudda-cfte-9a59478
If you have any questions about the trade then let me know. Any comments or like are appreciated.
Happy Trading!!
Siraj Hudda, CFTe
Web: www.prowaveanalysis.com
Skype: sirajhudda
Email: contactus@prowaveanalysis.com
Facebook: www.facebook.com/prowaveanalysis/
Twitter: twitter.com/sirajhudda
LinkedIn: in.linkedin.com/in/s...j-hudda-cfte-9a59478
