Trading opportunity 09:30 (GMT+1)


On a daily chart we can see that yesterday the pair broke above a diagonal resistance line.

gbp.usd d 26.5.16

What we are waiting for?

There is a resistance around the level of 1.4700, we want to see a technical correction which will test this area of the break.
If the area will be strong enough to support the pair after the correction, then we will be looking to see a divergence at the indicators of MACD and RSI, together with a bullish pattern.
When all these elements will appear ,we will be able to place the entry and exit levels of the trade.


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