GBP USD BULL OR BEAR

2019-12-12 12:44:53

Hello traders hope everyone is well. Here on GBPUSD 1HR CHART YOU CAN SEE THAT WE HAVE BEEN RIDING A REAL NICE RISING WEDGE CHANNEL. DURING THIS IMPULSIVE BULLISH RUN THE MARKET HAS BEEN PUTTING IN HH AND HL INDICATING INTRADAY WE ARE STILL VERY MUCH BULLISH. AS YOU CAN SEE WE HAVE BROKEN THE WEDGE WHICH MAKES ME BELIEVE THAT SELLERS ARE GOING TO SEE INTEREST AROUND THIS LEVEL HERE. ALSO CAUTION THAT WE HAVE NOT HAD ANY MAJOR CORRECTION AFTER WE BROKE OUT DAILY CONSOLIDATION WHICH ULTIMATELY WE STILL NEED A MACRO LOWER HIGH IN ORDER TO CONTINUE OUR BULLISH SENTIMENT HERE ON GBPUSD. WITH THAT BEING SAID I WOULD WATCH PRICE ACTION TONIGHT WITH THE UK ELECTION WHERE THIS COULD BECOME VERY INTRESTING. USING LOWER TF TO FIND PRIME ENTRIES AS MY WEEKLY FIBONACCI IS BEING REJECTED AS WELL HERE. GBP IS SPONTANEOUS SO MANAGE RISK ACCORDINGLY 40 -50 PIP STOP GL. JOIN MY FREE TELEGRAM GROUP WHERE WE CAN SHARE THOUGHTS AND ANALYSIS ON FUTURE MARKET CONDITIONS https://t.me/tycaughthepips