GBP/USD. 1D. 5/1/2018

Brief Description of PA Context (1D)


1. Bull move
2. Large corrective structure

Support/Resistance

R1 = 1.42500 - 1.43500
S1 = 1.37250 - 1.37750
S2 = 1.35500 - 1.36000

Bias

Bullish above 1.35500

Trade ideas
Long @ S1, TP @ R1
Limit buy @ S2, TP @ S1 or R1