Hello traders welcome back to another trading day what an interesting chart we are looking at GBPUSD. The big question is this in a change of trend mode from the daily chart. This is the 1 hour chart. Ok traders the plan for today is we remain bearish on the daily chart and breaking resistance. I am looking for today for a bullish run as a continuation of the price action yesterday. Ok today we have placed the Fibonacci tool on the the chart and waiting for the 61.8 pullback at that time I will look for a bullish formation and look to long this pair at 1.4986 and take profit at 1.5064. I have to say the chance of this being a fake out is possible and there is a lot of data today in the London session. If you can keep a USDJPY chart open and watch to see the dollar strength or weakness as a good guide after you enter a trade using the dollar pairs. Good luck traders this is not going to be easy just follow the plan if price does not come to you stay out…. Thank You Traders Talk Soon….William
