GBPUSD: Bullish market condition, longs in play

Written by Raul Lopez on . Posted in Trades & Analysis.

There has been a few changes in the GBPUSD since last week, the market was rejected from 1.5822 a previous important level, so I decided to move my long term level to that area. Here is what I got:

GBPUSD
GBPUSD

Based on this analysis, the GBPUSD (pound-dollar) is in a bullish market condition and we should be looking for long trading opportunities.

My Trading Plan:

As long as the market continues to trade above 1.5911, I will be looking for long trading opportunities and will set all my TP orders below the next long term resistance level around 1.6156

All short trading opportunities will be ignored.

Trade Safe!

Raul Lopez

Forex majors, GBPUSD Analysis, pound, pound analysis

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
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