GBPUSD

GU has rejected our 4 hour resistance and 78.6% fib level. Moreover is still in our ascending channel. I believe price will push up towards the 1.33277 level, which indicates it will liquidate the shorts at 1.33.

This also gives me a stronger bias that this trade will be profitable; the DXY looks bearish as well..

The orange circle is my take profit.

Remember when placing a trade to be only risking a maximum of 1%.

This will help every trader in the long term.

I will keep you updated on this trade.

Take care.