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GBPUSD: Bullish Pin bar on Daily | February 8, 2017
Gbpusd has formed bullish pin bar on daily time frame. This pair broke 1.2424 level and then immediately pulled back and formed strong bullish candle on h4. So we can now expect bullish momentum on this pair. We need to look for buy from near term support level. 1.2440-70 can be near term support level for this pair.
Buy setup
》 Look for buy from near term support level.
》 If any bullish candle on H1 found, open buy entry.
》 Stop loss will be 40-50 pips from the entry point.
》 Take profit will be 40-100 pips from buy point.
》 1.2470, 1.2430, 1.2400 these are some buy level.
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