Hello traders great to be back with you today as we look at the GBPUSD currency pair. I have to tell you there is really nothing special about this pair today. What I wanted to tell you was that about three weeks ago I stated that we are in a change of trend and now the pair is bullish. Well I am happy to say I was correct and this pair has been great to trade. Remember we are going to get down days as we all know Forex does not move in a straight line. This is the trade plan for today. This is the 1 hour chart. I have placed the Fibonacci tool on the chart and this pair looks to be continuing to be in the trend again. I am looking for this to pull back to the 61.8 price level at 1.5546 At this point I will look for a bullish candle formation with conformation and enter a buy trade. I am looking to take profit at the 161.8 level at price 1.5709. The trade yesterday did work very well wright to the take profit zone.
