726 GBPUSD SOARING EAGLE

GOOD MORNING FROM CALIFORNIA,

CURRENTLY THE POUND IS IN A STATE OF CONSOLIDATION AFTER A MASSIVE RALLY. SUPPORT HAS BEEN ESTABLISHED AT THE 0.382 RATIO AND AN EAGLE PATTERN HAS BEEN FORMED.

A 3:1 RISK REWARD PROFILE IS ENOUGH TO TAKE TAKE THIS TRADE GIVEN THE SUPPORT AND THE BULLISH TREND.

THIS TRADE HAS A RISK OF 59 FOR A REWARD OF 179.