Yesterday I wrote about the GBPUSD, it was trading in a clear short term range. What I thought was interesting about the range is that it was formed near an important LT level. This means that once the market breaks the range, I’ll trigger a clear market condition, and this is what happened:
Yep, it broke the upper extreme of the range. This puts the GBPUSD in a VERY clear bullish market condition.
On easier words: I’ll be looking for long opportunities.
What do you think about the GBPUSD? Let me know.