Hi guys, I was following gbp pretty close this am before the london session. I was pretty sure my bias would be to short this pair. I really thought that the bears have taken over the market but was surprise to see a huge nice looking bullish candle right immediately after the session started. I waited to have my confirmation and sure enough it happened. So here are my 2 long entries.
long @ 1.9684 + 39 pips so far.
long @ 1.9700 + 27 pips so far. (added position)
A visible gap occured @ .9684, rsi > 50, stocs heading up & not ob/os zone, cci > 0, momentum ok. every indicator was within reasonable expected parameters. as soon as the price got over the next resistance @ .9696 I added to my position.
I was following the trades for awhile then the price came back down after hitting major resistance @ .9730. After it dropped big time I closed both positions. It's a big battle bw bulls & bears right now.